One stock to keep an eye on today is a Groupon Inc. (NASDAQ:GRPN). I created a special report on this stock two days ago and you can read that report right here.
While Groupon beat earnings on the top line, they more or less admitted that their business plan is not sustainable. The problem for Groupon is that merchants/companies are not renewing to continue their service because it just doesn't work for businesses.
Sooner or later, Groupon Inc. (NASDAQ:GRPN) will run out of merchants to sign up and promote. With this stock down over 12% in the pre-market, I expect Groupon to be under pressure today.
There is one more clue that you may want to look at to see just how unfocused this company really is. Check out this major Groupon PR blunder for Presidents' Day.
Please feel free to leave a comment on your thoughts on this stock.
All the best,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
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