2024-04-25 03:25:00 ET
Summary
- Groupon, a once-popular deals site, is a contrarian play with solid fundamentals and a reasonable valuation.
- The company has shown improvements in its liquidity position and operating cash flow through cost-cutting measures.
- Marketplace trends are improving, with the addition of new features like gifting.
- Trading at just 4x forward adjusted EBITDA, Groupon is worth a buy.
Amid elevated market volatility, oftentimes the best way to beat the index movements is to invest in contrarian plays that have little correlation with the broader market. This means digging deep into unloved, forgotten names that may not be the flashiest of the day, but have solid fundamentals against a reasonable valuation....
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Groupon: Finally, It's Time To Go Long (Rating Upgrade)