BUYING GOPRO AT CURRENT VALUATION IS EXTREME SPECULATION $GPRO $CSCO $GOOG #GOPRO #HERO3+
The stock of GoPro (GPRO) is hotter than its wearable action cameras. After its IPO at $24 a share the stock shot up to $31.34. With about 123.1 million shares outstanding, this gives the company a valuation of $3.86 billion. GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company. For comparison, take a look at a well established and respected camera company Nikon. In 2013, Nikon had revenue of $11