Well, that makes three of us.
Last week, I ran some numbers on Groupon and concluded that the company was probably worth $6-$9 billion, well below its contemplated IPO price.
Given the risk in the company's transition to profitability--chopping back marketing spending, revenue deceleration, intense competition, backlash against the product--this led me to conclude that the stock wouldn't really offer a compelling value unless it were valued at $5 billion or below.
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