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re: Groupon: The dumpster fire of tech stocks
Posted on 11/18/12 at 3:22 am to TheHiddenFlask
Posted on 11/18/12 at 3:22 am to TheHiddenFlask
quote:
Buffet is a washed up goon.
This is just false.
And I'm not some huge Buffett/Graham disciple either.
2
Posted on 11/18/12 at 4:12 pm to acgeaux129
I'm doing an audit project on groupon, should be fun
Posted on 11/18/12 at 8:12 pm to acgeaux129
He hasn't done anything noteworthy recently. Please tell me why you don't think he's washed up.
*he has underperformed even with the premiums he gets for the Buffett effect.
*he has underperformed even with the premiums he gets for the Buffett effect.
Posted on 11/18/12 at 11:31 pm to TheHiddenFlask
he's a value investor. it may be cool to clown him and he's certainly not going to be some sexy growth fund manager. 76% over the last decade is nothing to sneeze at and definitely not results that warrant the label of "washed up goon." Come on bro.
Posted on 11/19/12 at 4:41 pm to jso0003
quote:
Groupon is an interesting business model.... But I look around and see no one ever using it.
Just at a quick glance, it was good while it lasted but it's already been copied and improved upon in my opinion. Aside from services such as Amazon Local and Living Social, you can already get discounts through services such as Foursquare, Yelp, American Express (by linking your card to your Foursquare, Facebook, or Twitter accounts), or restaurant credits from GoPaGo or LevelUp. In the case of the latter services, there is no commitment involved when getting the discount, i.e. you do not have to purchase the discount. Instead it's credited toward your purchase if you decide to ever do business at a given location.
Posted on 11/19/12 at 4:59 pm to OFWHAP
quote:
it was good while it lasted but it's already been copied and improved upon in my opinion.
That was the fatal flaw.
It cost virtually nothing to replicate. All they had was a customer list of stingy people and a brand name.
Posted on 11/19/12 at 5:02 pm to acgeaux129
quote:
he's a value investor. it may be cool to clown him and he's certainly not going to be some sexy growth fund manager. 76% over the last decade is nothing to sneeze at and definitely not results that warrant the label of "washed up goon." Come on bro.
Most of that 76% came from great deals he got simply because he had so much capital to invest. He still deserves credit because he pulled the trigger, but shite I wish I was offered 10% preferred Goldman stock at a big discount.
In the BofA deal he basically bought stock at ~$5.15 that was trading around $7. Would I go as far to say he's a washed up goon? Probably not, but THF has a point. Value investing the Buffet way will not be nearly as profitable as it was during Warren's great run-up of the 80's to mid 2000's. That was a period of falling interest rates, disinflation, and a massive stock market rally. The pre-existing conditions for that will probably not return in any of our lifetimes.
Posted on 11/19/12 at 5:41 pm to acgeaux129
quote:
76% over the last decade is nothing to sneeze at and definitely not results that warrant the label of "washed up goon." Come on bro.
That's a massive annualized return of less than 6%. Color me impressed
. In that time frame BRK.A has UNDERPERFORMED the S&P by 41 basis points. Sounds like a helluva hedge fund manager to me...
Let me remind you that he managed to underperform on your chosen time frame and in spite of the fact that he gets ridiculous sweetheart deals.
Buffett is a has been and the way that people follow him is absurd. He's not in the top 25 money managers I would give my money to. He's probably somewhere slightly above Soros.
Posted on 11/19/12 at 6:06 pm to TheHiddenFlask
quote:Agree
He hasn't done anything noteworthy recently. Please tell me why you don't think he's washed up.
*he has underperformed even with the premiums he gets for the Buffett effect.
Posted on 11/19/12 at 8:45 pm to BennyAndTheInkJets
quote:
Most of that 76% came from great deals he got simply because he had so much capital to invest. He still deserves credit because he pulled the trigger, but shite I wish I was offered 10% preferred Goldman stock at a big discount.
True, but he certainly shouldn't be penalized for attempting to maximize return.
quote:
In the BofA deal he basically bought stock at ~$5.15 that was trading around $7. Would I go as far to say he's a washed up goon? Probably not, but THF has a point. Value investing the Buffet way will not be nearly as profitable as it was during Warren's great run-up of the 80's to mid 2000's. That was a period of falling interest rates, disinflation, and a massive stock market rally. The pre-existing conditions for that will probably not return in any of our lifetimes.
Very true and it happens. Graham somewhat backed off on his security analysis methodology, chalking up much of his success to an environment of inefficient dissemination of financial reporting and a shortage of intelligent investors.
Certainly won't argue with a similar stroke of environmental luck for Buffett. And his most ardent followers are goons. This doesn't mean he is.
This post was edited on 11/19/12 at 8:46 pm
Posted on 11/19/12 at 9:09 pm to TheHiddenFlask
quote:
That's a massive annualized return of less than 6%. Color me impressed
From 2000-2010?
quote:
In that time frame BRK.A has UNDERPERFORMED the S&P by 41 basis points.
Are you referring to arithmetic return?
This post was edited on 11/19/12 at 9:10 pm
Posted on 11/19/12 at 10:35 pm to acgeaux129
No. Geometric return. Arithmetic return would not be proper here. I did pull the data from google finance and calculated it myself, but it passes the eyeball test.
Posted on 11/19/12 at 10:36 pm to acgeaux129
I accounted for dividend yield with the SP500. That is probably what you are missing.
Posted on 11/20/12 at 8:42 am to TheHiddenFlask
quote:
Posted on 11/15/12 at 4:57 p.m.)
quote:
Maybe I'll buy some
It's up 25% from the time of that post.
I wish I had followed through on that.
Posted on 11/20/12 at 2:58 pm to BennyAndTheInkJets
quote:
Value investing the Buffet way will not be nearly as profitable as it was during Warren's great run-up of the 80's to mid 2000's. That was a period of falling interest rates, disinflation, and a massive stock market rally. The pre-existing conditions for that will probably not return in any of our lifetimes.
If the whole "value investing" buffet approach isn't as profitable going forward, what are your thoughts on strategy? I get what you are saying- rates are bottomed out, growth will not be near as explosive going forward, etc. I'm always open to hearing thoughts and advice on what strategy might be best going forward.
Posted on 11/21/12 at 12:35 am to TheHiddenFlask
Just checking in to let you know I'm not pussying out of this thread. I'll be back later for my shitty rebuttal tomorrow.
Posted on 11/21/12 at 10:46 am to acgeaux129
A good friend of mine just took a job at Groupon...I hope she is comfortable with job prospects if the company does go under.
My checklist for leaving a going to another company:
A) Stable company
B) Nice raise
C) Promotion
She got B and C...but I think A is missing.
My checklist for leaving a going to another company:
A) Stable company
B) Nice raise
C) Promotion
She got B and C...but I think A is missing.
Posted on 11/21/12 at 6:54 pm to TheHiddenFlask
I still don't see where you are getting your numbers. All I'm finding is a -1.0% S&P total return for the millennial decade.
Posted on 11/22/12 at 12:07 am to acgeaux129
Last decade is not since 2000. It's since 2002.
Posted on 11/22/12 at 1:31 am to TheHiddenFlask
lol
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