Jan. 26 at 2:54 AM
$GRPN Investment Thesis: The "Hidden Asset" Arbitrage.
Market prices this as a dying retailer (
$650M Cap).
Reality: They own ~1.8% of SumUp (Fintech Unicorn).
At a
$15B IPO valuation, that stake alone is worth ~
$270M (covers nearly all debt).
We are buying the core business for 60 cents on the dollar + a free IPO lottery ticket. Long with a target of
$28.
Full deep dive is on my X: https://x.com/Enterprise69842/status/2015605441972027399?s=20