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Goldman Now Selling Groupon To Clients Whom It Tells To "Buy" With A $29 Limit
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Goldman Now Selling Groupon To Clients Whom It Tells To "Buy" With A $29 Limit

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Goldman Now Selling Groupon To Clients Whom It Tells To "Buy" With A $29 Limit

As has been demonstrated time and time again, anyone wishing to make money should allign themselves with Goldman's flow desk, which by definition does the opposite of what Goldman's clients are doing. The most recent indication of this came last Friday when Goldman told clients to sell buy European banks to entertaining results. Today, we get the latest Stolpering, following Goldman's all too glaringly obvious initiaition of Groupon with a "buy" and a $29 price target. From the reprt: "We are initiating coverage on Groupon with a Buy rating and a $29 12-month target. We view Groupon as the key to unlocking the massive local advertising market with which the Internet has long struggled. We believe the size of the addressable market (conservatively the $100 bn local advertising market, but potentially over $10 trillion in global advertising, goods, and services markets), new business models like Groupon Now! in mobile, and the advantages of scale more than offset the considerable risks from competition, margin pressure, and deal fatigue." That's sufficient, we get it...





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