I'm in the S.Fla. area, It was good to see Groupon had quite a few "NEW"local ads today, from good restaurants to Miami Marlin tickets (no jokes please) and local services.
"The stock market is a device for transferring money from the impatient to the patient." -Warren Buffett
No kick from conference today...bummer
Both the CEO and CFO reiterated guidance for the quarter and FY 2017 during the earnings call two weeks ago. Furthermore they both mentioned April was strong and May has similar potential with Mother's Day and graduations. The only thing that's changed is a few news stories that may affect the timing of the new tax programs.
Most of those in the know feel earnings and not politics has been the driving force behind the markets move to 21K. In the grand scheme of things more institutions invested in GRPN in Q1. Total investment increased by 5%. That translates to approximately 28M shares purchased. Two major players BlackRock and Citadel now have substantial stakes.
Board membership consists of Joey Levin - IAC, Michael Angelakis - Chairman Atairos, Robert Bass - Vice Chair Deloitte... all have significant ecommerce experience. They all have vast experience in M&A. These are not passive appointments. Angelakis was a key contributor to the success of Comcast and their acquisition of NBC.
Let's see how things playout over the next couple of weeks.
Groupon Inc (GRPN) Lifted to Strong-Buy at Vetr Inc.
Groupon Inc (NASDAQ:GRPN) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, May 3rd. The brokerage currently has a $4.39 price target on the co
Target price of GRPN was revised to $4.23.
Heading to $3.5 ......
When does this hit $2? SOON
Grpn was upgraded to hold by 11 analysts, 4 analyst rate buy, 1 rate sell
I just add more stakes why it hit 3.36 and i am waiting for GRPN to boost up to 4.5 again especially after BABA earning was announced.
These guys are dead. Accounts unable to access Groupon. Password resets that don't work. Customer service that sends same password resets that don't work, millions a day in lost revenue. What a horrible company.
Check out the most recent 13F filings, BlackRock increased their position by over 14M shares. Citadel Advisors increased their position by 11M shares. These are not your garden variety boutique institutions. Theses two firms hold approximately 5% of the entire float. Something is up!!
I am surprised the volume is as low as it is. The company has $169M remaining on their share purchase program. I know there are a few restrictions on when and how many shares can be bought each day. Based on the current volume a I don't believe they are actively buying.