Groupon gains; Deutsche sees Q1 growth rebound

Deutsche's Ross Sandler (Buy, $12 PT) is much more comfortable with Groupon's (GRPN +4.5%) Q4 numbers after talking with management, and thinks growth is re-accelerating in Q1 in spite of an ongoing North American transition towards longer-term marketplace deals (expected to last a couple more quarters).

He also argues "the bear case that everything is falling apart is not valid" in light of Groupon's healthy Q4 EMEA performance.

Sandler's previous Groupon commentary: I, II

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