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GOPro has put itself up for sale

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Old 01-08-2018, 02:29 PM
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seanseidman
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Default GOPro has put itself up for sale

BRIEF-GoPro Has Reportedly Hired JP Morgan To Put Itself Up For Sale - CNBC
Reuters1:25 PM (UTC-05:00) Eastern Time (US & Canada) Jan 08, 2018 Jan 8 (Reuters) - Gopro Inc <GPRO.O>:
* GOPRO HAS REPORTEDLY HIRED JP MORGAN TO PUT ITSELF UP FOR
SALE -
CNBC, CITING SOURCES*​
Old 01-08-2018, 02:49 PM
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ProCoach
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Nick should have cashed out a long time ago...
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Old 01-08-2018, 02:50 PM
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seanseidman
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Originally Posted by ProCoach
Nick should have cashed out a long time ago...
they have become obsolete in our community of racers/lappers
Old 01-08-2018, 02:55 PM
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Greg Phillips
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Default GoPro

The mounts live on but the Chinese cameras have taken much of their business.

Greg
Old 01-08-2018, 07:50 PM
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amso3
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Peter is correct (of course) Stock price dropped from the high $90's 3 years ago to $6 today
Old 01-08-2018, 08:08 PM
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seanseidman
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Originally Posted by amso3
Peter is correct (of course) Stock price dropped from the high $90's 3 years ago to $6 today
$98/share in 2014, 5.5 today
real destruction of wealth
Old 01-08-2018, 08:13 PM
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Originally Posted by amso3
Peter is correct (of course) Stock price dropped from the high $90's 3 years ago to $6 today
Wow!

They were on the bleeding edge. Seven years ago...
Old 01-09-2018, 12:20 AM
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Their foray into drones did not go well... they should've made a deal with DJI years ago, but that's woulda coulda shoulda...

Too many knock-offs on Amazon for less money. GoPro is too $$$ to stay competitive. I remember the days when GoPro was THE camera for newbies on track. Unfortunately it didn't really catch on as the seasoned veterans and racers had other options that integrated better with DL.

I found it interesting that the founder (Nick Woodman) was featured on the Shark Tank multiple times in the past few years. Wonder if that'll continue now....
Old 01-09-2018, 12:26 AM
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He'll be fine... at $6/share he's still worth a cool $215mm.

Originally Posted by ProCoach
Nick should have cashed out a long time ago...
Old 01-09-2018, 01:39 AM
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djantlive
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Go pro is a rip off. Action cams are nothing but cheap DVRs with nice suction cups. These dvrs sell for $25 in China.

complete fad in my opinion
Old 01-09-2018, 02:35 AM
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mark kibort
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dumbest stock i ever bought. and i had a couple of the very first cameras..........prototypes! what did Gordon Geko say? never get emotional about a stock.
I hope they burn to the ground now.
Old 01-09-2018, 02:46 AM
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Originally Posted by mark kibort
dumbest stock i ever bought. and i had a couple of the very first cameras..........prototypes! what did Gordon Geko say? never get emotional about a stock.
I hope they burn to the ground now.
he's right
"blue horshoe loves blue star airlines"
Old 01-09-2018, 11:14 AM
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LuigiVampa
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I thought this said GOP sells out and it was a political thread in the wrong place.

I had two goPros and was only marginally ever happy with them. They ate up batteries at an enormous and my last one, which had a remote, would only occasionally recognize the remote.

It sits on my shelf doing nothing.
Old 01-09-2018, 11:38 AM
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Apparently they all (family) "cashed-out" when the stock was 90.
Old 01-10-2018, 12:05 AM
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Originally Posted by Speeds5
He'll be fine... at $6/share he's still worth a cool $215mm.
True, but that used to be worth BILLIONS. Personally, I'd have a difficult time coping with the fact that I'm now worth much less than 10% of what it was a few years ago. Like Peter said, he should've cashed out a while ago...


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