MoneyShow.com: “While Groupon (GRPN) has quickly made a name for itself, this recent IPO appears ripe for selling. The company does not appear to have an economic moat, and even after falling after the IPO, the stock still looks richly valued. Caveat emptor! Heavy spending and rapid expansion has helped Groupon establish a market for “daily deals” and e-mail promotions for local businesses. With a database of more than 115 million e-mail subscribers, Groupon has built a large audience to market deep discounts (called “Groupons”) offered by local merchants.” Link
