Tag Archives: gopro

Time to Go Long GoPro?

This year has been very tumultuous for GPRO (GoPro) shares. In the first quarter we saw GPRO fall over 30% only to then rally back 50% in the second half. The real story of this year is the crash that has taken place during the end of the third quarter and into the 4th. Shares are off by 70% from their high. Arguably the reason for the fall is over concerns of the viability of GPRO’s business. Is GPRO a company or a product? Does GPRO have enough in its pipeline to sustain EPS growth for at least 3-5 years out? These is the question analysts have been asking. However, when looking at the fundamentals and technicals I think GPRO offers a good risk/reward entry here for the long-term.

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Why $GPRO Continues To Defy The Bears

Last year a company called Tesla rocketed higher from the $20's to over $100 a share.  In the midst of that rally a host of analysts and market observers were aghast as to how a company like $TSLA could have such a 'large' market cap.  They made every argument under the sun as to why $TSLA deserved to decline in price.  Short sellers were betting the farm that the stock would fall.  Analysts who spend their waking hours analyzing stocks were calling for the stock to drop.  Yet Tesla did the exact opposite.

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