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You don't know shit greenhorn and you've got a lot to learn...
Do you even own a home or have a portfolio yet?
In 2006, I bet you were still eating your boogers and your mama was still wiping your ass.
The Shop
In Barron's, Eule's piece, titled "GoPro's Thrill-Filled IPO Adventure May End Badly," said that GoPro faces the risk, like so many tech gadgets, of being "subsumed by our phones."
Eule:
"IN SOME WAYS, THE EXCITEMENT over GoPro is a quaint return to pre-smartphone days. It's hard to find stand-alone gadgets that haven't been subsumed by our phones. GoPro, though, still risks suffering a similar fate. The cautionary tale is Flip, the groundbreaking camera that Cisco Systems bought for $590 million in 2009. The Flip was a miniature marvel, bringing the world high-definition home videos from a device that easily fit in a back pocket. Nifty idea, but it was a feature, not a product, as Apple's iPhone soon made clear. Cisco shuttered the Flip business just two years after its purchase."
GoPro shares went bonkers after its IPO, but eventually pared some of those gains. But even so, at current prices, the company has a market cap of about $4.7 billion.
We noted that after the stock's steep run up, short sellers began circling GoPro, seeing an opportunity after a massive run up.
After a less-than-stellar bit of press over the weekend, GoPro bears are taking control during a session that is seeing the Nasdaq rally.
Does anybody own the lastest GoPros Session I believe its called? What do you think of it? Also I see they are coming out with a quadcopter next year, should generate $150m in sales from what Ive read.
Disclosure, I bought some at 27.72 this morning when it retested yesterdays low. It could go lower but right now is hovering around 28 (down 5% from yesterdays close) with almost 50% normal volume of shares traded already
I hope so, cuz that's what I did...
The quad copter is not a bad idea, but they're late to that party. There are already copters out that you can attach a goPro to and see it all live. They really need to differentiate something about it. This says the UAV market is projected to be a $91B industry but UAV encompasses much more than quad copters including military use. $150M doesn't seem unreasonable. Their numbers through 2014 look pretty good but it'll be interesting to see how they adjust this year after going public. Page 35 is where the operating statements are.
http://files.shareholder.com/downloads/AMDA-2QSTB3/830044301x0x824053/D…
Pit Row
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