Seeking Alpha " With Mason Out, Groupon's A Buy" LINKED
With Mason Out, Groupon's A Buy
Mar 1 2013, 08:54 By: Quoth The Raven
CEOs like Mason can be a jackpot or a cancer for companies. The harsh reality is that the creative genius behind an innovative product or company is sometimes hardly the person to run the company. Visionaries are visionaries for a reason -- they see things and do things in completely different ways than the rest of us. This is can be extremely beneficial when trying to come up with product innovation or creative solutions, but can also be extremely harmful when these people are put into a situation where they have real accountability and shareholders to be accountable to. Mason's e-mail only goes to show how seriously he took his responsibility to shareholders.
This is Groupon's mulligan -- its second chance. It's going to be up to the new executive committee to get this company up, running and humming, and they're not going to have a long time to show results. Since they've both been chairpersons to begin with, they're familiar with the company and likely already know what has to be done (my guess is they've been making suggestions that have been disregarded by Mason for a while now).
With the IPO price being insanely overvalued, this is now your chance to truly get in on the ground floor with Groupon stock, and for that reason, I'm bullish going forward here.