GRPN will go DOWN
$1.00 on 11/23/11
$7.21 (-58.32% from time of market call)
Overpriced service in a market with very low barriers to entry. Shady accounting. IPO was rushed and very few shares have been released to the public, subjecting the stock to future dilution.
Risks:
Unsustainable growth
High price premium
*Competition (Google and Microsoft have larger platforms)
Consumer fatigue of the glut of group deal websites
Potential macroeconomic risks
phlabrasca
