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.
- Bulenox: Get 45% to 91% OFF ... Use Discount Code: UNO
- Risk Our Money Not Yours | Get 50% to 90% OFF ... Use Discount Code: MMBVBKSM
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply