This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Five Dumbest Things on Wall Street This Week: Nov. 30

2. Mason's Dilemma

Andrew Mason would fire Andrew Mason if Andrew Mason thought Andrew Mason was the wrong person for the job.

How do we know that for sure?

Because Andrew Mason told us of course!

Groupon's (GRPN - Get Report) CEO spent some time talking about his favorite subject -- himself -- at a Business Insider conference in New York this week. In response to rumblings that the company's directors would be discussing his performance during a regularly scheduled board meeting, Mason replied that it would be "weird" if they did not.

"It would be more noteworthy if the board wasn't discussing whether I'm the right guy for the job," said Mason. "If I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself."

That's fair. But it also got us thinking about what it would take for Groupon's founder to sign his own pink slip.

Clearly it's not the stock's performance. Groupon stock has lost 85% of its value since the company went public at $20 last November. Heck, the stock traded as low as $2.60 earlier this month and Andrew still didn't say farewell. Nope, it can't be the stock.

Nor can it be his ability to generate earnings or meet Wall Street estimates. Groupon reported a net loss of $2.98 million in the third quarter. Sales rose 32% to $568.6 million, missing the $591 million average analyst estimate. Operating cash flow decreased 35% year over year to $42.1 million. Meanwhile, all-important international revenue fell 10% from the second quarter. So it can't be the earnings, sales or cash flow that would cause Andrew to oust Andrew either.

Could it be an accounting restatement? Losing Starbucks CEO Howard Schultz as a board member? Getting blitzed at a town-hall style company gathering and telling his troops, "Sorry, too much beer?"

Nope. Nope. And (burp) nope. Mason did all those dirty deeds as well and still kept himself employed.

Oh brother, what a brainbuster! We are at a total loss. Too bad there is only one man who can solve this puzzle.

Guess who?

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BRK.B $143.89 0.00%
GRPN $7.61 0.00%
HPQ $31.49 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs