Groupon's Impending Death Is Greatly Exaggerated
Anmuth notes that as subscriber growth slows, profitability will move substantially higher over the next two years. Still, he's concerned about a weakening global economy. Anmuth rates the shares "neutral" with a $22 price target.
While Groupon has had its share of issues, it doesn't appear the company is going away anytime soon. Mark Twain may have said it best. "The reports of my death are greatly exaggerated."
Interested in more on Groupon? See TheStreet Ratings' report card for this stock.
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--Written by Chris Ciaccia in New York
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