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Well that tells me I know nothing about business. A few weeks ago I was thinking of having my first go at buying shares and thought GoPro could be an interestin
by iDemonix 11y ago
Well that tells me I know nothing about business. A few weeks ago I was thinking of having my first go at buying shares and thought GoPro could be an interesting company to look in to.
- tyingq 11y agoBuy low, right?
- mfoy_ 11y agoBuy low, sell lower?
- kelukelugames 11y agoI too own TWTR! I bought shares because my friend did. I have zero investment discipline. So now I just put every penny into my mortgage.
- tyingq 11y agoWell, nobody can guess the exact bottom. Buying, even yesterday, may not look so bad if you look at the 1+ year chart. Unless you're into day trading.
- frandroid 11y agoTechnology stocks are a terrible sector to look at on the long term because there's so much churn. A company with one product that's saturating the market and/or being bypassed by the competition usually never recovers. All they showed is that they happened on a good product/market fit once and were able to execute, but can they reproduce this with a different product? Even Apple struggles with this now (Apple Watch) and they've had multiple record successes.
- JTon 11y agoIt's down ~23% in after market trading. Ouch. Good thing you didn't pull the trigger eh
- Someone1234 11y agoIf you didn't look into it yet, it hardly indicates you know nothing about business. Randomly picking companies to examine further is a perfectly reasonable way of trying to find investments (and what stops you following the crowd). In my OPINION GoPro's problem is that they haven't diversified in any significant way. Here's a list of products GoPro sells: GoPros (and accessories). That's it. But this area has hardly been standing still. We've seen drone-cameras take off, including the ingenius ones which follow you (e.g. Lily), we've seen those throw-up 360 degree cameras, smaller versions (e.g. Mokacam), and a near constant stream of less expensive generics which do 90% of what a GoPro can do (and can even use GoPro's accessories). GoPro had a MASSIVE market lead and still does, but they're squandered much of it on reproducing the same product over and over until the market is saturated.
- Avalaxy 11y agoTo be fair I don't think any of the cheaper knock-off products come anywhere close to the quality that GoPro produces, both in terms of solidness and image quality?
- bduerst 11y agoThey're almost all standard CMOS camera sensors, so depending on what you're wanting to do (action images, streaming video, etc.) you should compare on those features.
- foobarqux 11y agoThe Xiaomi cam looks like it has virtually identical image quality for $60. You give up water-proofness but you can get a waterproof case add-on.
- jonknee 11y agoGoPro's aren't waterproof either, they require a waterproof housing.
- lukeschlather 11y agoThe built-in waterproofing is a big deal. As is the sturdiness of the case. Doesn't matter if I'm biking, swimming, diving, snowshoeing, I can always have my GoPro with me and I know it will always be available to take a video at a couple seconds' notice. I can't imagine I'd have the same confidence in a cheaper camera with a waterproof case add-on that I do in my GoPro. Also, the $130 I paid for the entry-level model was a good price.
- chrismcb 11y agoGoPro had been in trouble for a while. The rumor is they've saturated their niche. They also pushed back the release of the 5 which also hurt sales. And with Sony and others entering the market GoPro will have a tough time. I also think some people are putting too much faith in the stone. Ooh and their session didn't pan out quite like they expected.