![]() ![]() This is a company whose entire turnaround plan rests on cost-cuts - which exposes it to two major risks: I turned bearish on Groupon following its Q1 earnings release, and unfortunately it seems the deterioration in Groupon's fundamentals continue to only get worse with each passing quarter. The pain, unfortunately, doesn't seem to have a light at the end of the tunnel. And since reporting Q2 earnings in early August, the stock has cut ~25% alone. Year to date, Groupon has lost more than 60% of its value. The once-popular local deals site has seen a huge diminishing interest for its website, and it's struggling to maintain relevance in a post-COVID world. No one has the patience for a turnaround story these days either, and unfortunately that is what Groupon ( NASDAQ: GRPN) is. The safest, strongest stocks are holding onto their value, while more speculative and smaller growth stocks are rapidly losing the majority of their remaining value. ![]() With volatility returning in a big way as investors assess the impacts of potential rate hikes on growth stocks, today's market is all about high quality. We've all heard the common adage that "everybody loves an underdog." Well, this isn't true in today's market. ![]()
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