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It’s safe to say that we’ve been Groupon (GRPN) haters for a while now.
We just couldn’t get behind a company that’s involved exclusively in an industry with such massive competition and low barriers to entry.
Apparently, a lot of investors shared our concern.
Since its debut in November of 2011 - with an IPO price of $20 – it’s lost more than 70% of its value.
Yesterday’s solid earnings report has sent shares over 10% higher today, however.
Is this the beginning of a turnaround phase for the daily deals company, or just an anomaly?
We’re betting on the latter.
Joe Brown, New York Editor for Wired, thinks there could be hope, however. He thinks the key could be an acquisition…
As he says, “Right now the bleeding has been stopped but we need to see going forward if they are actually going to heal Groupon – and turn it into something that is healthy and has something to offer to a marketplace that is very crowded… They could also make an interesting acquisition, and that would be something cool. If they got a company (a smaller company) who really understood the mobile space better – and could add something to Groupon that maybe someone else who is competing with Groupon doesn’t understand yet.”
Article By WallStreetDaily.com
Original Article: New Hope for Groupon?
