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Groupon Inc. (NASDAQ:GRPN): Closing price $4.51
After reporting another disappointing quarterly loss that renewed questions about the daily deals site’s aggressive growth strategy and expansion into the direct-sales business, Groupon Inc. lost more than a fifth of its value. Losses from the Chicago-based company, which helps to arrange discount offers with local merchants, reached $81.1 million during the fourth quarter, wider than their $65.4 million loss a year earlier. Results were hurt by international challenges and the deteriorating profitability of their businesses, particularly the one that sells merchandise directly to customers, known as Groupon Goods.”We are simply not convinced on the long-term earnings power of the rapidly growing Goods business,” Merrill Lynch analyst Justin Post said as the the stock was downgraded to Underperform, a rating equivalent to a sell recommendation.
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