Market is a discounting machine....yes 2012: q1/q2/q3 P&L = -133k / +421k / +15k = +303k..with q4 data out in few weeks. Stock went from up last year as co. went from $ losing to profitable only to roll over when sequentially profit was lower in q3 and more bleeding. This stock has been going down for 4 months, down in an up tape, down for the year, for the qtr, for the week and today...when overall market tone is very positive for months now. Stock is off #$%$ from hi......this is not a normal correction / consolidation. Great beverages....but cant make real consistent $ selling ginger brew and virgil for such a long time now.
Groupon just canned their co-founder...here is a paragraph from a Bloomberg piece on GRPN:
“They grew too fast, and sometimes that can cause management to lose a little bit of focus on profitability,” said Arvind Bhatia, an analyst at Sterne Agee & Leach Inc. in Dallas, who recommends buying the shares. “Eric and Ted will bring in a new CEO with a strong operating background to move the company forward, so they not only grow the top line but more importantly the bottom line.”