Groupon gains as Legg Mason's Miller sees growth
Groupon Inc. (GRPN) gained the most in two weeks after Legg Mason Capital Management Chairman Bill Miller said the largest daily-deal website has a "tremendous" opportunity for growth. The shares rose 6.1 percent to $5.39 at the close in New York, for the biggest gain since March 4. The stock has climbed 11 percent this year, compared with a 9.8 percent increase for the Russell 1000 Index. "They have no debt; they have an enormous addressable market," Miller said in an interview today on CNBC. "Expectations are low. Andrew is a very smart guy," he said. "He did a great job building the business. Maybe the business is a little too complex for a guy who is 31 or 32 years old."