Author: Let’s Talk Money! with Joseph Hogue, CFA
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An acquisition of Groupon by Amazon or Google could send the stock higher but it’s not the only reason I’m buying. Groupon could be one of the best stocks to buy in 2022. Check out the biggest stocks in my portfolio with this FREE report https://mystockmarketbasics.com/motleyfool
In this video, I’ll show you why Groupon could be one of the top stocks for 2022. I’ll show you the fundamentals pointing to a higher stock price and then why I think Amazon or Google could make a bid for the company.
Even though the pandemic has hit Groupon’s revenue, the company has become more profitable and that will help it when sales return. The company has a huge reserve of cash, more than a quarter of the market cap of Groupon stock is backed by net cash.
One catalyst for a higher stock price could be coming soon with a recently announced partnership with Google. Starting in 2022, Google Pay users will have access to Groupon deals. That could significantly increase revenue.
Google already tried buying Groupon before it issued shares. It or Amazon could be back to buy the company again. Groupon’s dominance in local retail advertising is a great fit for the ecommerce strategy used by either of these two companies. Adding Groupon to either Amazon or Google would make them the undisputed king of advertising both online and offline. And at Groupon’s current market valuation, buying the company would be nothing to the larger tech giants.
I own more than $38,000 in shares of Groupon and think the fair value is closer to $35 or more. That would be a 40% return and the stock could go even higher on an Amazon or Google offer, making it one of the best stocks to buy in 2022.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.