This has become a long term play. The initiatives will take time. Gross Margins will take a hit in the meantime. The acquisitions will take time to become beneficial. What will be interesting is the board meeting tomorrow. There will be pressure on Mason to perform. He has the rest of this year to show marked improvement or else.
This is a failed model. Period end of story. Mason, cooked books, hidden agenda's--yes they don't help--but this is a CORE problem, and it won't work. relax all you want, I was vocal in the past and all day I let it be known I was about as short as you can be. Made a pile, because I focused on BUSINESS. And this dog will never hunt, plain and simple.
It takes time to build a company from its roots. They have talented people acquired from acquisitions that have yet to be fully ultilized. Whether Mason stays after the next couple of quarters remains to be seen. Groupon Goods is where the business is heading. Margins initially will take a big hit until optimization is achieved through efficency controls. The company realizes that cost-cutting is needed internationally. People are in the wrong stock if they think this is a short term play.
Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so theyll have jobs and get enough money to buy things.
Mason needs to go! Making poor decisions and executing business practices that just don't add up... "... you gotta spend money to make money ..." ... we all know you have to spend money to make money but this is not a new company! Bottom line is #$%$ and now we have to wait for next quarter... which will be same as this quarter... need to change the QB... he's gotta go #$%$ it!