- Wells Fargo's Trisha Dill sees a "clearer path to profitability" for Groupon's (GRPN +4.5%) Goods e-commerce business following recent initiatives. These include the acquisition of apparel flash sales site Ideeli, and (judging by a job listing) plans to create a private-label product division.
- Dill is also upbeat about general e-commerce growth, and particularly the migration of off-price sales to online channels, and considers Groupon's valuation (15x 2014E EBITDA) "compelling."
- Goods has fueled a top-line turnaround for Groupon's North American ops in the face of weakening traditional daily deals sales, but has also been pressuring the company's gross margin.
- Shares are moving higher on a good day for Web momentum plays. Groupon's Q4 results arrive on Feb. 20.
Groupon rallies; Wells Fargo offers bullish view on recent moves
From other sites
at Nasdaq.com (Apr 9, 2015)
at MarketWatch.com (Mar 26, 2015)
at Zacks.com (Mar 25, 2015)
at 4-traders.com (Mar 24, 2015)
at Zacks.com (Mar 5, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs