Why We Reduced Our Price Estimate For Groupon To $4.20

These recent strategic moves, which include dramatically raising sales and marketing efforts, trimming down its international portfolio, and moving away from certain low-margin goods businesses, involve a considerable degree of business risk. Based on this, we have reduced our price estimate for Groupon's stock to $4.20. Nevertheless, our new price estimate still indicates a premium over the market price. This is because the recent changes could help in the turnaround of the company over the lon...