Professor Elam

Sunday June 5, 2011

Groupon is going public, the market cap may well be $30 billion dollars. Financial analysis would have us believe that a company is worth the present discounted value of future earnings. The only flaw here is

Groupon does not have any earnings, they have lost money every year, just like the dotcoms. Now who can this be? Read the article and we will discuss this in class.