NEW YORK ( TheStreet) -- As we are now approaching the peak periods of vacation season, I have begun to look at my investment portfolio for inspiration. While that can mean a lot of things -- not the least of which involves narrowing down my list of affordable destinations -- in the process of searching for some possible deals I was drawn to the idea of using Groupon (GRPN - Get Report).I mean why not? My wife swears by it. In fact, for Father's Day she surprised me with a local auto-detailing voucher. The service came to my home to clean my vehicle and did a phenomenal job! When it was all done, my car looked brand new. The detailer asked if I would recommend them to a family and friend and I said absolutely. However, I wouldn't dare recommend Groupon's stock -- at least not to friend.
As it seems to be making a news 52-week low in each session, the only question is, how much time does it have left? Will it make it to another year? As with Facebook (FB) before it, Groupon really had no discernible business to suggest that it was worthy of its valuation - yet it nonetheless reached as high as $31 a share.