GRPN has room to run as it is down over 80% since its IPO and has finally found bottom. Big funds are now moving in and a great fourth quarter is coming up in February. The price is now just over $4, and it will be at least $6 by February earnings which we know will beat all estimates.
Public statements have been released and are available in the press to indicate that their recent sales have been way better than expected.
1.) Groupon in a bad economy because it does save people lots of money, hence the results highlighted in this article:
2.) Groupon is needed for merchants with now money, but in need of advertising - it gets their name out.
3.) Groupon is taking market share from all other daily deal sites, including living social.
4.) All the bad news is priced in and it has bottom and is now on an upward trajectory.