Groupon is a company that has been around for a while.
The person who runs the company is named Dusan Senkypl. He is a private equity operator who personally backed an $80 million rights offering at $11.30 a share about 17 months ago. He and his chief financial officer own 35% of the company's equity.
The company has a things going for it that people are not paying attention to. They have a $250 million buyback plan. They also have a stake in a European payments business called SumUp which's worth around $170 million to Groupon. They have a lot of people betting against them with short interest at 53% of the free float.
This is an interesting situation. The company's stock is trading at $17. It could be worth a lot more. The chief executive officer has targets for the stock price that go all the way up to $82.
This is a setup like CAR. Options are still cheap. It's already starting to take off.
My Position is in options going from 17 to 25 as they are around a buck