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10-10-2013, 07:40 PM #1
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10-11-2013, 09:46 AM #2
Indeed. The day they are profitable they are going to start pushing that IPO. And as you said, its going to be the single worst thing they have ever done/desired.
What I don't understand... they are #2 in the space, HOW THE HELL are they NOT PROFITABLE?!?!?!? I don't see overhead as being a good excuse...
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10-11-2013, 11:43 AM #3
- Join Date
- Dec 2012
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- 116
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10-11-2013, 12:07 PM #4
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10-11-2013, 02:04 PM #5
- Join Date
- Dec 2012
- Posts
- 116
Billions and billions were invested and lost in the dot.com crash of the late 90's based on investing in companies that reported the "# of eyeballs" they had captured. Not profits, not even revenues - just the future potential based on having lots of (non-paying) customers. Not the first time, and won't be the last time.
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10-11-2013, 03:57 PM #6
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10-11-2013, 04:34 PM #7
- Join Date
- May 2013
- Posts
- 18
My guess is that they are not profitable on a GAAP basis due to the accounting standards for Revenue Recognition and Loan Loss Reserves...This leads to little to no profit in high growth periods (i.e. their entire existence as a company.) I'm sure they're making positive returns in excess of cost of capital and overhead on their portfolio. Investors will be just fine.
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