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Renren Inc. Message Board

  • michaelroman910 michaelroman910 Jun 27, 2012 10:17 AM Flag


    Matt Schilling 6/27
    "A Social Media Co To Consider Buying This Week"
    Groupon, Inc. (GRPN): GRPN, which trades in a 52-week range of $8.80 (52-week low) and $31.14 (52-week high), closed trading at a $10.25/ The company announced an alliance with FTuan, a Chinese based e-commerce platform similar in scope to that of Groupon.
    The news of a Chinese alliance helps Groupon on several levels and should increase the attractiveness of the company, especially since its trading near the lower end of its 52-week range. Now that GRPN has the ability to capture a percentage of the discount e-commerce market in China, bottom line numbers could be enhanced as a result, and we could continue to see an upward swing in share price.

3.29+0.11(+3.46%)Oct 20 4:01 PMEDT

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