>> they don't tell you what it is worth in the long term
This reminds me of the Keynes quote: "The long run is a misleading guide to current affairs. In the long run we are all dead."
More on topic, the long run as an abstraction is limited in its utility for investors. This mostly because investors (like gamblers at a roulette wheel) have to place their bets while the wheel is spinning. Without taking a position on GRPN, I'd say that the "long run" verdict is hardly in at this point.
This reminds me of the Keynes quote: "The long run is a misleading guide to current affairs. In the long run we are all dead."
More on topic, the long run as an abstraction is limited in its utility for investors. This mostly because investors (like gamblers at a roulette wheel) have to place their bets while the wheel is spinning. Without taking a position on GRPN, I'd say that the "long run" verdict is hardly in at this point.