Saw On Cnbc Yesterday That Gopro Is Going Public

[ness]

Yeah, I've got a bloomberg in my office.

I look at that stock as one that has great potential, but that may be overbought because everybody knows the product and think it's great. Just looking at the PE, it's way overpriced, and that makes me want to be a spectator.

[ness]

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.

[Flysmallie]

42 minutes ago, ness said:

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.

Mow many shares do you own?

[ness]

27 minutes ago, Flysmallie said:

Mow many shares do you own?

Same as you.

[Flysmallie]

20 minutes ago, ness said:

Same as you.

You have a 100,000 shares too? That's awesome.

I don't pay much attention to stock prices but I would have guessed it being higher than what it currently is. Apple could probably do well with it. GoPro needs some new innovation.

[ness]

35 minutes ago, Flysmallie said:

You have a 100,000 shares too? That's awesome.

I don't pay much attention to stock prices but I would have guessed it being higher than what it currently is. Apple could probably do well with it. GoPro needs some new innovation.

Oh, I figgered you had zero. Did you buy it yesterday? Otherwise, you're underwater.