Nov. 7 at 4:12 PM
$GRPN Opened a long position just before yesterday's close. Luckily was able to close it for a small profit in this morning's volatility. Still have some covered puts (hedged with calls) outstanding that I'll leave through the November expiration, but after that I think I'll be moving to monitoring the name.
Q3 results were quite good, but the Q4 guidance for both revenue and Adj. EBITDA is below the implied Q4 guidance by ~
$3.5M and ~
$5.5M (calculated from the guidance figures given when Q2 was reported). I can get comfortable with the lower Adj. EBITDA (especially if they are investing more heavily in marketing), but the revenue trend is a bit concerning.
It's been a good stock for me, and maybe I will get involved again in the future.
