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Technology Stocks : Groupon, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Bartholomew who wrote (399)	2/24/2014 11:07:59 AM
From: The Ox	Read Replies (1) \| Respond to of 480

GRPN reminds me of ZNGA back in August of last year. The short history is that the stock washed out back in 2012 in the low 2s and had a decent rebound up near $4 in early 2013 but then backed off below $3 into August. I don't remember who they were exactly but a few of the leading analysts downgraded them at that point. Needless to say for ZNGA, the negativity was based on the analysts failure to be patient while the company's earnings were poor but also while they were retooling for the future. Today, ZNGA is over $5. Groupon cratered in a similar fashion to ZNGA off of their IPO. Subsequently rebounded nicely and now, after analysts show their impatience in GRPN's retooling process, analysts have downgraded the stock. I suspect that 6 months from now we'll be seeing things a little differently but I've been wrong before. It's my view that the negativity is understandable but overblown. Obviously, GRPN has to continue retooling and the quicker the better but I am in the camp that says all they need is more time. We'll see.....