If you’re a value investor you may be looking at Groupon after shares tumbled almost 20% in the after-market.
Certainly some of Fast Money viewers were thinking the stock was oversold after shares made an all-time low due to disappointing guidance.
The company forecast third-quarter revenue in the range of $580 million to $620 million. Analysts had predicted revenue of $604 million for the current quarter.
Via Twitter viewer Nick Hodge told us, “I’d buy shares of Groupon, it’s an attractive buy at this steep discount.”
Fast Money fan Peter Ghostine added that with Groupon at an all-time low, “A short squeeze will eventually develop.”
The thesis certainly makes sense. But just because a thesis makes sense doesn’t make it right.
Fast Money traders Karen Finerman, president of Metropolitan Capital, as well as optionMonster Jon Najarian both say just because a stock price is lower doesn’t mean it’s cheap!
Posted by CNBC's Lee Brodie
Read More from Fast Money:
> Simple Strategies Behind Supersized Successes
> 10 Top Stocks for the Long-Term Investor
> Top Apple Related Stocks for 2012
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.
Trader disclosure: On August 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Scott Nations is long SPY; Scott Nations is long JPM; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long S&P VOLATILITY; Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in EEM; Jon Najarian is long call spreads in FMCN; Jon Najarian is long call spreads in SBYX; Jon Najarian is long call spreads in OAS; Jon Najarian is long call spreads in ABX; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long CME; Jon Najarian is long CBOE; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long NKE; Tim Seymour is long FCX; Brian Kelly is long GLD; Brian Kelly is long XLU; Brian Kelly is long INTC; Brian Kelly is long IBM; Brian Kelly is long TGT; Brian Kelly is long XHB; Brian Kelly is short DLTR; Brian Kelly is short BIG; Brian Kelly is short DG; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM CALL SPREADS; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long JCP; Karen Finerman is long CFX; Karen Finerman is long PAY; Karen Finerman is long PLCE; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDX
CNBC.com with wires.
