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Groupon (GRPN -3.7%) sells off towards its post-IPO lows after Ascendant Capital slashes its...
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Thursday, June 14, 2012, 10:56 AM ETGroupon (GRPN -3.7%) sells off towards its post-IPO lows after Ascendant Capital slashes its 2012 EPS estimate and lowers its PT to $8. The firm is worried about forex issues (i.e. a weak euro), and also airs concerns about higher refund reserves, an issue that took center stage in the company's Q4 restatement.
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