Bank of America rips off it's customers and now is ripping off GRPN right before earnings.
Corrupt Wall Street is when they value GRPN and SNAP and TWTR at billions of $ value, then they convince investors to buy into the hype, and as as soon as it goes IPO, they say oh they have no profit, or the model does not work, or they have competition from GOOG or FB ... this is corruption at its best. Someday they will be judged and yes ABCDEFG you will too.
GRPN's short interest remains high at 45.3M shares. A slight change from over 46M a ft the end of June. What this means is over 8% of the float are borrowed shares and will need to cover if there is any positive catalyst. On the other side of the coin, if the news is negative the shorts can say cha-ching and dance all the way to the bank.
Perhaps the FER or the alphabet ID can shed further light.
if AMZN has a forward P/E of 90, a price to sales of 3.60,
GRPN with a forward P/E of 23 and a price to sales of .072....
anyone good at math?
I see a 5x factor between the 2. Like Groupon is 5 times undervalued compared to Amazon!!! (90/23 or 3.60/.72...)
that means that if Groupon were trading at 5x $4.00 = $20 would be as fairly valued as Amazon is...
So, based on that, a $10 price per share in 2017 is nothing crazy, if the company confirms revenues and cost controlling. That would also justify the recent 30% stock appreciation. Obviously the first stop would be $5-$6, but then we could head to $10 by Q4. I invite everyone to check with their brokerage on Groupon performance under the current CEO. He has always beat on earnings and revenues...so a pretty good record. GRPN reorganization started 2 years ago and now the finish line is in sight: few profitable quarters which would bring us to double digit stock evaluation. GLTA
FER - I miss you. I am going to try to recreate your presence: 14, 2, 31, 6, 1, 11, 19, 7, and 4!
SOB's at Bank of America just put statements like these to get the stock lower so they can backup the truck. Such a dirty strategy but it is what it is....
I look at Groupon everyday and I buy deals often. GPRN was reaching $6.00 by the end of last Summer. No reason why it won’t reach $5.00 this Summer.
Cramer just said buy, going to 5, says business is better than most people realize
Any clue on earnings this time?
Latest PR once again shows what the nitwits running Groupon consider important.. They have no clue how to make a profit.
4.50 in a week
Guess we all should have bought Sears...almost bankrupt but i guess better than Groupon....effin joke
Someone knows of bad earnings? Awful fishy....
just bought 14k
Good buy at $1.5
Good buy at 2.5
LiTTle FER - If we see $3.93, we will definitely see $3.92 and $3.94.
There is another Henry on the post , I hope people could measure the risk .