Groupon (GRPN) continues to be one of the truly confounding IPO’s that have come out over the last few years. ¬†From the very beginning they have been extremely aggressive in their accounting methods which is simply not necessary if you have a great business. ¬†Groupon rushed into an IPO and they did everything they could to maximize the valuation, and to have to restate earnings this early in the game is very concerning.

http://www.bloomberg.com/news/2012-04-02/groupon-revisions-highlight-new-model-s-risks.html

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