Analysis: Short sellers wait to bet big against Groupon

posted by
November 15, 2011
Reuters [UK]    
Posted in PND News

"On paper, Groupon Inc appears to be a juicy target for short sellers: it loses money, it has changed its accounting twice, and its unproven business model faces competition from Google and Amazon. But the shorts may have to wait as betting against the daily deals website is just too expensive right now because of its tiny share float. To make money shorting the $15 billion company, which went public earlier this month, investors would have to see the stock go close to zero for a year-long bet." (11/15/11)  

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