GRPN (Update)

Groupon Inc

TMT, Consumer


Presented:05/07/2015
Price:$6.41
Cap:N/A
Current Price:$10.76
Cap:$0.43B

Presented

Date05/07/2015
Price$6.41
Market CapN/A
Ent Value$3.40B
P/E RatioN/A
Book Value$1.13
Div YieldN/A
Shares O/S676.68M
Ave Daily Vol10,310,000
Short Int8.93%

Current

Price$10.76
Market Cap$0.43B
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; deals on various product lines comprising electronics, sporting goods, jewelry, toys, household items, and apparel; features travel offers comprising hotels, airfare, and package deals; and tools, such as payments and credit card payment processing service, as well as point-of-sale solutions to merchants. It distributes its deals to customers through mobile applications and mobile browsers that enable consumers to browse, purchase, manage, and redeem deals on their mobile devices; Websites; emails that are targeted by location, purchase history, and personal preferences; and search engines and others. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was founded in 2008 and is headquartered in Chicago, Illinois.

Please note, this is an update to: Long - Groupon Inc (GRPN), which was originally presented on 4/14/2015 ($7.25).

Highlights

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Google Inc (GOOG), Groupon Inc (GRPN), Yelp Inc (YELP)

Shares of Groupon (GRPN) are down following a mixed first quarter 2015 earnings report, and weaker than expected guidance for 2Q 2015. However, the presenter views the sell off into the $6s as a buying opportunity and remains long the stock. A “large misperception about what GRPN is becoming” still exists, despite management executing over the past two quarters. In his opinion, GRPN’s platform is ideal for becoming a “replenishment engine for consumer services”.

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