Groupon Is Worth 50% More, According To Leon Cooperman

Loading...
Loading...

Groupon Inc GRPN shares spiked up Wednesday as Leon Cooperman of Omega Advisors commented on the stock.

Appearing on CNBC, Cooperman said, "we think the underlying asset value of [Groupon] is substantially is in excess of where the stock is trading [...] The stock seems mis-priced. We think it's worth 40-50 percent more than it's [currently] trading and [its] fundamental business is improving."

Cooperman cautioned that his firm only holds a small stake in Groupon, but his sentiments about the stock echo the favorable comments recently made by Brean Capital.

Groupon recently traded at $7.17, up 4.9 percent.

Posted In: CNBCNewsIntraday UpdateMediaBrean CapitalLeon CoopermanOmega Advisors
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...