Here's one more reason I shy away from the "hot" IPO's (Initial Public Offerings).... because usually THEY SUCK!
It's GAMBLING not investing.... when you buy an unknown earnings stream (or in most of these cases NO earnings!).
Cut and pasted this little "gem"....
Groupon was already the worst-performing major stock in America in 2012 and the third-quarter debacle will only add to the stock carnage. In after-hours trading immediately following the earnings release,
the stock fell by 15.8% to $3.30. Groupon’s IPO priced one year ago at $20. Groupon was arguably already the worst of this era’s three big tech IPO’s, which included Zynga and Facebook.