Wednesday, February 12, 2014

Groupon (GRPN)

Groupon (GRPN) went from nothing to a $13 billion valuation, rejecting a $6 billion buyout offer from Google (GOOG), going public within three years, and sparking an epic gold rush in the daily deal space. Almost overnight, more than 900 clone sites launched around the world, serving virtually every imaginable niche and local market. Groupon appears to be rebounding from its post-IPO days as Wall Street's whipping boy after its stock plummeted to $10, half of its IPO price. Quarterly earnings beat consensus as the company reported revenues of $559 million, four percent above analyst estimates of $530 million. Earnings per share came in at $.02, double analyst forecasts. More good news for Groupon, it has been reported that mobile accounted for fifty percent of transactions, a positive development as the world shifts increasingly to mobile, especially in emerging markets.
Groupon (GRPN)