Groupon: $1.43 to make $1

Short logic (Groupon IPO: Pass on this deal) has some compelling analysis which makes Groupon look like a bubble business (my description). Others call it an insolvent Ponzi scheme. Companies that move away from GAAP have to be suspicious, even if they are...

Misplaced loyalty

Thoroughly depressing reading on the USPS: it carries 40% of the world’s mail (563m pieces) employing nearly 600k people (second only to Wal-Mart). It made $67bn and a loss. It now sends more junk mail than first class and its business plans are based around...