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Time to short GOPRO?

Posted on 9/23/14 at 4:34 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37709 posts
Posted on 9/23/14 at 4:34 pm
LINK

$72.79 at the time of this post

The only wild card is the true brand recognition. I'm not impressed with the product at all.

Thoughts?

This post was edited on 9/23/14 at 4:51 pm
Posted by ell_13
Member since Apr 2013
85032 posts
Posted on 9/23/14 at 4:53 pm to
quote:

I'm not impressed with the product at all.
Be careful here. Perception is often much stronger than reality. Any video that's taken from someone's forehead is called a "GoPro" whether that's the manufacturer or not.
This post was edited on 9/23/14 at 5:47 pm
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 9/23/14 at 5:39 pm to
So, you aren't impressed so you want to short?

That's bold. You never really what customers are going to do/go for. Its finicky making decisions based of what you expect customers to do.

Posted by I Love Bama
Alabama
Member since Nov 2007
37709 posts
Posted on 9/23/14 at 6:06 pm to
My wanting to short is based on their current valuation.

It's insane
Posted by barry
Location, Location, Location
Member since Aug 2006
50342 posts
Posted on 9/23/14 at 7:36 pm to
Ilovebama hates go pro, he thinks every is gonna mount their phone on their head
Posted by Thib-a-doe Tiger
Member since Nov 2012
35374 posts
Posted on 9/23/14 at 7:47 pm to
Probably would have been better off buying calls after it crashed the first time
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 9/23/14 at 8:54 pm to
i agree with you ...just don't see the competitive advantage
Posted by I Love Bama
Alabama
Member since Nov 2007
37709 posts
Posted on 9/23/14 at 9:00 pm to
quote:

Ilovebama hates go pro, he thinks every is gonna mount their phone on their head


I like my go pro I just think it was overpriced and isn't anything special.
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 9/23/14 at 9:29 pm to
I think it's a short.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 9/23/14 at 9:35 pm to
200x valuation for something you can ghetto rig out of a cheap old phone?

If I had 800$ to spare I'd buy some year long puts
Posted by barry
Location, Location, Location
Member since Aug 2006
50342 posts
Posted on 9/23/14 at 9:40 pm to
quote:

I like my go pro I just think it was overpriced and isn't anything special.


I know, it probably is overpriced. Just giving you a hard time.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 9/23/14 at 9:51 pm to
In light of the ferguson incident, every police department may be requiring one for their officers.

Military too.

Just something to think about...
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 9/24/14 at 7:44 am to
quote:

In light of the ferguson incident, every police department may be requiring one for their officers.


Doesn't mean that GoPro will win those bids. Government bidding is a whole different animal. If someone can provide an even reasonable alternative to GoPro that is more cost effective or useful then GoPro won't get the contract
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/24/14 at 8:01 am to
with a trailing p/e of 260 and 5 yr projected PEG of over 7, I'd say, yeah...they're WAY overvalued and prime candidate for a short, but I'm not one to bet against irrational exuberance, it can stay up as long as people want it to....

there's only so many of these cameras they're going to sell. for them to justify the stock price, they're going to have to diversify into surveillance, drones to mount cameras on, auto etc.

I wouldn't choose to touch it either way, but if I had to, I'd take a long term short

ETA: up 7% today....NOW it's time to short it
This post was edited on 9/24/14 at 11:49 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37709 posts
Posted on 10/29/15 at 11:43 am to
Posted by Jag_Warrior
Virginia
Member since May 2015
4089 posts
Posted on 10/29/15 at 11:55 am to
Posted by broadhead
Member since Oct 2014
2104 posts
Posted on 10/29/15 at 1:00 pm to
Details? What did you short it at?
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 10/29/15 at 1:26 pm to
Good call. I was wrong. If you executed a short, congratulations
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 10/29/15 at 1:42 pm to
I want to know the strike
Posted by barry
Location, Location, Location
Member since Aug 2006
50342 posts
Posted on 10/29/15 at 3:54 pm to
He probably didn't have the stones to short
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