The Cheap Investor has traded Groupon Inc. (GRPN) quite a few times.
The most recent recommendations were at just $2.79 a share in the December 2015 issue, at $4.20 in the March 2016 issue, and at $3.35 in the July 2016 issue. Shares have since rallied to a high of $5.94, handing subscribers potential gains of 113%, 41% and 77%.
All after the company beat EPS estimates with a one-cent loss. Second quarter revenue jumped 2% to $756 million, which also beat expectations.
But it was the guidance that really impressed traders.
The company now expects to post full-year revenue of $3 billion to $3.1 billion, beating expectations for $3.05 billion. Even better, Groupon grew its customer base by 1.1 million, reaching 27.9 million total new customers.