GRPN will go DOWN
$1.00 on 11/23/11
$3.44 (-80.12% 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.
High price premium
*Competition (Google and Microsoft have larger platforms)
Consumer fatigue of the glut of group deal websites
Potential macroeconomic risks