Omega’s Cooperman: Groupon (GRPN) Worth Up to 50% More Than Its Current Price

Shares Groupon Inc (GRPN) surged more than 6 percent to $7.27 on Wednesday after Leon Cooperman of Omega Advisors said the internet coupon company was worth up to 50% more than its current pps.

“The stock seems mispriced…We think it’s worth 40-50% more than it’s trading and [its] fundamental business is improving”, Cooperman, whose fund took an 8.8 million share stake in Groupon in 3Q, told CNBC. He said Groupon business was turning around.

Be the first to comment

Leave a Reply

Your email address will not be published.


*