It seems that GRPN has no juice left, and no Mgmt savvy to combat the slow slide. I will buy at $3.25 however, as I would consider it a call option that never expires (just like a Groupon!!) - until BK
I see a few strong points that spell out the fate on this company.
Management is viewed as incompetent at the CEO level, and outright crooked at the director level.
The accounting "mistakes" are hard to swallow as errors, recasting earnings is about the biggest no-no you can do.
The business model has been openly debated most recently, and based upon FACT most analyst's don't see the long term viability. Adding to that negative view, are reports and rumors that in addition to overstating revenues/earnings, that there may be substantial payments due which are in the pipe but not accounted for. True or not it's hurting and MANAGEMENT says nothing.
The economy is at a stand still. Now you may think the Groupon idea would flourish in this environment, but what we are seeing is people are just shutting down, closing ranks staying home. Money needs to go elsewhere.
Lastly, the market and the price of this stock. Under $5 and all kinds of things start to happen, which are happening and will continue given the above.