Phil Labrasca profile image phlabrasca

Phil Labrasca

$14.76
UNITED STATES
1/11/08
$1,535,059.99

2
10/27/08
7.3%
53.5%
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Stock Pick by Phil Labrasca

GRPN: Too risky

Start trading GRPN with real money!

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1 ratings
Posted 1030 days ago on 11/23/11

GRPN will go DOWN
$1.00 on 11/23/11
$6.89 (-60.17% 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

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