From Profit Confidential January 31, 2013 - 1:39am
In just over two months, Groupon, Inc. (NASDAQ/GRPN) has more than doubled in value from its 52-week low of $2.60 on November 12, 2012. The company’s business model of providing daily deals on goods and services is interesting; but it’s not immune to the rising competition from rivals, since the barriers to entry are relatively low, based on my stock analysis. Unfortunately, my stock analysis suggests that Groupon was an early entrant in its business market, but numerous companies are now surfacing, pushing Groupon to defend itself and try to offer an advantage for the user. (Read “Playing Groupon is Akin to Betting.”) I know that in my case I have made numerous purchases on Groupon (including a great deal on a hotel in Florida), but I’m now seeing amazing deals popping up on other web sites.
Groupon’s stock chart below shows a possible upside break at the $5.50 resistance li...
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