Kind of ... but only because I was born in Ogdenville and went to college in North Haverbrook.
It actually reminds me more of a gOvt jobs creation program. But yeah, I'd short the hell out of this stock. I bet Goldman did the IPO for better info on pricing the CDS
Given the transaction costs of credit swaps, it doesn't make sense to trade them for companies as small as Groupon. That's why there are credit indexes, and Groupon is not part of any AFACT. They are definitely way too small for single name credit swaps.
I don't even think they have any outstanding marketable debt instruments.