Groupon Down 82% Since IPO: Now a Value Play?

They say hindsight is always 20-20.

And in retrospect, spurned suitors such as Google Google Inc (NASDAQ:GOOG)  by Groupon Inc (NASDAQ:GRPN) and Microsoft Corporation (NASDAQ:MSFT) by Yahoo! Inc. (NASDAQ:YHOO) are probably thanking their lucky stars that their offers were turned down.

In this 2010 report, Groupon Inc (NASDAQ:GRPN) CEO Andrew Mason rejected Google’s $6 billion offer, which included performance incentives, as they wanted to go the route of an IPO instead. It seems now to have been a bad move, and Google Inc (NASDAQ:GOOG) is likely smiling.

Cut to 2012, and post-IPO, we have Groupon Inc (NASDAQ:GRPN)’s shares quoting at $4.80 and a market...