I never saw so much buying on Groupon before as in the last two months or so...GRPN is changing the tactic, they also becoming a big force with travel deals. I just bought an 11 days to Three-City Italian Vacation with Airfare – and hotels with food to Venice, Florence, and Rome for $1,499 You can't beat that! Soon they will be selling into everything like Amazon but with a discount. Give it another year or so... and Groupon will be a $100.00 stock. Take a look at priceline PCLN , almost $1000.00 per share way over priced! That's crazy!
I hope that they are not subsidizing their good deals with their own cash. I just bought a down comforter last week for $59 and it is one price for all sizes.And it is good quality too. I wish I bought 2 more. You can't beat the price and I've seen some good travel deals to Asia as well. Just reenter GRPN for the first time in over a year at $9.88. Will buy more if it dips a little further but I think that there is support at $9. We're looking at $15 by Christmas.
I doubt it. I believe they're going to break-even or $.02 per share for Quarter #3 and maybe better according to some analyst. I also noticed that the Net Tangible Assets for the stock has increased almost $26.millions in 3 months, from March 31 it was $524,052 millions and has of June 30 is $552,627 millions.