Is Groupon A Good Investment Under $10?
Groupon is, of course, an extremely popular coupon / daily deals website. However the stock has done nothing but crash since the company went public. So far the collapse has been even worse than Facebook's plummet when the went public. Groupon, ticker GRPN, is down over 50%, after going public, and now trades under $10. So what are investor's opinions on this one? Is it a good buy now that it's under $10 or will this thing go down even more?
Like most tech stocks it could go either way. Groupon has the benefit of being a household name, so the chances of it tanking completely are slim, but unless they make some revolutionary change I don't forsee the stock skyrocketing any time soon.
The fact that it's under $10 makes it a tempting purchase. If you already have a decent portfolio it may be worth picking up a couple shares just to see what happens...
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