GoPro Going Public.

[Ian Newland]

[Dylan Couper]

I'm so excited I can't help but contribute too.









Not just Wall Street is happy!



......pretty much backs up what I said above.

[Ian Newland]

I guess you kept your money in your pocket huh?

[Mike Beckett]

I wish I was as beautiful as a typical GoPro user.

[Tim Polster]

Gosh, please fix the fisheye with the new funds!

[Sabyasachi Patra]

GoPro had earlier raised money via private placement from Hon Hai(Foxconn). This funding would have helped in scaling it up a bit and made it ready for IPO. After the initial public offer, some of the initial backers can offload their shares based on the increased valuation post IPO. However, I don't think Foxconn will offload its share as it is more of a strategic tie-up.

It is important for GoPro to scale up and have more control by moving into other product categories which use GoPro, for eg remote copters. A remote copter company has raised closed to a million usd in kickstarter (https://www.kickstarter.com/projects...ref=nav_search)

Another has raised half a million dollars (https://www.kickstarter.com/projects...on-sports-dron)

If I were GoPro, then instead of going for DJI I would buy up few of these fellows cheap and scout for technology upstarts which can help GoPro.

With IPO, there would be increased shareholder activism. Buying up DJI which has a poor reputation with a number of its customers and then facing up shareholders would not be a pleasant task. Lets see how this pans out.

[Dylan Couper]

Originally Posted by Ian Newland

I guess you kept your money in your pocket huh?

Oh.... I didn't say that. :)

[Ian Newland]

[Lynne Whelden]

Lots of newly minted millionaires in those photos above. No wonder they're smiling.

[Dylan Couper]

Stoploss moved up accordingly. Kicking myself for not buying more, but not planning on hanging around long term on this one.

Oh Ian, I forgot to ask, how many shares did you buy?

[Ian Newland]

Originally Posted by Dylan Couper

Stoploss moved up accordingly. Kicking myself for not buying more, but not planning on hanging around long term on this one.

Oh Ian, I forgot to ask, how many shares did you buy?

Enough to keep me in camera gear for the future, including non GoPro. ( Happy with that)

Canon is trading at just over 1 times sales and 16 times earnings. GoPro, on the other hand, is trading at over 5 times sales and nearly 180 times earnings. Clearly, investors think that GoPro is poised for major growth. Who knows what the future will hold, but chances are it's going to be good for GoPro.

[Dylan Couper]

Just FYI, what the average investor thinks is not an indicator of what will actually happen. A smart investor might look that those numbers and come to the conclusion that this stock price has been driven way beyond it's actual value because of hype.

Personally, I swing trade and never buy and hold, so I don't care what is going to happen beyond the next 3-5 days. Pretty much guarantee I'll be out sometime next week as it looks like it's hit its ceiling and MAY find support at $40 (just looking at candlesticks). If not, I'm stoplossed out - if it bounces off the $40 floor I'll raise my stoploss.

I still think they've got some mega challenges and one major weakness to overcome if they want to be relevant in 5 years.

[Shaun Roemich]

Originally Posted by Ian Newland

Clearly, investors think that GoPro is poised for major growth.

Having worked for one of the big investment houses in Canada during the Bull market of the mid to late 90s, I'll side with analysts over investors any day, like Dylan says.

A market propelled upward by uninformed speculation is a great market for profit-takers and a lousy one for people betting the farm on buy-and-hold.

[Ian Newland]

$70 per share and still rising :-)

[Shaun Roemich]

Happy to be proven wrong on my cynical view but it's onlybeen less than three months. Good news for the IPO folks though.