Started to post this earlier in the morning, but the site was down for maintenance. Wanted to revive the old thread and update folks on where GPRO is trading. But, while I waited a rumor started making the rounds that Apple is possibly interested in buying them out. As of now, the stock is up $1.99 a share versus $0.36 when I did this chart.
Make that +$2.15. I can't type fast enough.
Anyhoo -- who knows? Stocks in particular, and markets in general, are fickle. GPRO's trading at around 14x earnings right now, which is reasonable compared to the 90x after the IPO. I think a lot of folks feel they understand a product and therefore the stock. This is a great example of how that can cost you. The company's gotta be profitable and generate cash for a stock to have value.