GPro

What's up with Go Pro? No one likes it no more. Why? Does anyone think the stock will go up?

 

Gopro was not able to reach an agreement with Amazon for the Christmas 2016 season.... that was a good time to unload. The price has been bouncing around $8.00 ever since. Not sure if it will every go up much.

 

Dude, I know, it report came out this week and the price went to $10

 

Their challenge is China. Their GP 5 is about $300. Go out to Amazon and you can find a lesser knockoff with 3,000 great reviews, with a price of $40 delivered and easy Amazon returns.

 

Unfortunately I think GoPro hit a niche market at the perfect time, and went public at the absolute wrong time. They went public in the same year their product got knocked off around the world.

I only bought a few hundred dollars worth but it was around $45. Went up to 90 then crashed. I literally live in their testing grounds so I saw all the products before they came out, heard what was coming, shit Nick Woodman even owned the house next to me. I had really high hopes for them, but the products didn't improve much, their drone came out a year late a triple the cost it was supposed to be, and they're a publicly traded company that basically makes one product.

I thought they would make way as a brand like Red Bull did. I figured you'd start seeing them as primary sponsors for big sporting events, and see the cameras used for more up close footage across the sporting world. But that never happened.