The leading Deal of The Day site with discounts on things to do, eat, see and buy. Currently providing subscribers in over 550 cities world wide with unique local discounts based on group buying and promising businesses a minimum number of customers.
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I am taking a chance on Groupon at slightly over $4. I think GRPN has the potential to recover and be over $10 within 2 to 3 years. Obviously the sentiment is very negative and the stock has alraedy dropped from $31 to $4.
I puchased shares on a day when the market was down, but groupon was up.
I sold 2014 $10 puts for 6.50 and purchased $2 puts for 0.50 so the most I can lose if GRPN goes to zero is $2 per share and the most I can make is $6 per share.
Bullish reasons to buy GRPN at $4 to $5.
1, GRPN has 1.2 Billion in cash
2. $1.82 cash per share
3. Decreasing marketing costs
4. Increasing Cash Flow
5. Increasing net tangible assets
6. Increasing variety of products/discounts offered. (market share)
7. GRPN is leading the way in mobile sales market.
8. GRPN can make money from a merchant looking to advertise their product.
9. They can also make money by selling discount goods or trips to consumers.