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Tuesday, December 20, 2011 Home Depot tells anti-gay hate group AFA what they can do with their petition. Executives at The Home Depot gave a cool reception to representatives of the anti-gay hate group American Family Association at the company’s annual shareholder’s meeting in Atlanta this week.... The AFA recently called for a nationwide boycott against The Home Depot because it says the home improvement retailer continues to promote the homosexual agenda. AFA Executive Vice-President Buddy Smith, and Director of Special Projects Randy Sharp, said they were rebuffed by Home Depot Chairman Frank Blake and other company executives for challenging their corporate endorsement of marriage equality and LGBT rights. We presented to the shareholders and to the chairman and the board of directors over 470,000 signature petitions asking them to remain neutral in the culture war, specifically when it addresses gay marriage and homosexual activist groups, Sharp tells OneNewsNow. The reception was cool, adds the AFA spokesman. Blake thanked AFA for the petitions but again, as in the past, reiterated the company’s support for diversity, which includes same-gender marriage. Atlanta-based Home Depot promotes diversity-oriented organizations, including Out and Equal Workplace Advocates, an LGBT advocacy group that supports workplace diversity, marriage equality, and activities such as Transgender Remembrance Day. The Home Depot is also a supporter of the Human Rights Campaign. For several years, The Home Depot has given its financial and corporate support to open displays of homosexual activism on main streets in America’s towns, said the AFA, in a statement. The Home Depot has chosen to sponsor and participate in numerous gay pride parades and festivals. Most grievous is The Home Depot’s deliberately exposing small children to lascivious displays of sexual conduct by homosexuals and cross-dressers, which are a common occurrence at these events.

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Groupon's IPO Filing Reveals Incredible Growth And $2.6 Billion Revenue Run-Rate: Groupon finally filed for its IPO today and now we can see it’s finances laid bare (click for full financial table). Groupon has been growing at an astounding rate. Last year, it’s revenues grew more than 22,000 percent to $713 million. And in the first quarter of 2011 alone, it nearly matched all of its revenue from last year with $644 million in sales, up 13,575 percent from a year ago. If you... annualize Groupon’s first-quarter numbers, you get a revenue run rate of $2.6 billion for 2011, and that is not even factoring in any growth in subsequent quarters. So the $3 billion to $4 billion estimates that were thrown out a while ago for 2011 revenue look very achievable. Groupon had 83.1 million subscribers as of March 31, 2011, up from 3.4 million the year before. In the first quarter of this year alone, it added 32.5 million subscribers and it sold 28 million Groupons across all 83.1 million subscribers. But what about profits? Groupon lost $456 million last year, and another $147 million last quarter. And don’t expect those losses to go away anytime soon. CEO Andrew Mason warns future public shareholders, We aggressively invest in growth. Groupon spends a lot of money acquiring new subscribers. About 54 percent of its operating expenses goes towards marketing. The other 46 percent goes towards sales. Half of its workforce of about 8,000 people are in sales, a number CEO Andrew MAson threw out yesterday during an interview at the D9 conference. As of March 31, 2011, however, according to the filing, there were 7,107 employees and 3,556 sales people. Of those sales people, the majority (2,895) are international. They represent 81 percent of the salesforce, but only 54 percent of Groupon’s total revenues in the first quarter. That is where Groupon is investing for growthoverseas. That is also where Groupon is losing most of its money. The U.S operations lost only $10.4 million last year, whereas the international operations lost $170.6 million. Groupon and its bankers will be pointing to its gross profits instead, which are much healthier. Gross profits were up about 24,600 percent last year to $280 million, from $10.9 million the year before. And gross profits in the first quarter of 2011 came in at $270 million, which nearly matched all of last year’s gross profits. Those were up from $20 million the year before. Investing for growth is fine, but ultimately a company (and its shares) are measured by how much of those profits the company actually keeps.

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