Anytime you see an accounting scandal from a company thats reporting earnings for the 2nd time in it's history, you run... and run far away. I was just imaging getting an email in the morning from Groupon for an accountant... how ironic would that be?
Groupon (GRPN) reports earnings after the bell, and we have positioned ourselves with puts. The stock ran nearly 20% as folks are banking on a strong quarter. But earnings can be short lived, whereas scandals have longer memories.
Time will tell, but we think it will take sometime for Groupon(GRPN) to revisit it's IPO price of $20.
Classic title LOL!