I Don't Need the SEC to Tell Me to Avoid Groupon Stock

[ECTNews]

 For some time now, I've felt almost like the proverbial lone voice in the wilderness questioning the value of Groupon as an investment. My primary issue with Groupon is that there is nothing inherently unique about its business model. Given that fact, I don't understand how a company that really has no way of fighting off competitors can be valued at between $10 and $15 billion, which are the numbers investment bankers have attached to Groupon at various times over the past year. Now it seems the SEC also has some questions about this high-flying company's business model.