same can be said for AMZN, which sports a p/e of 500. "P/E sky high. WAAAAAY overvalued" is exactly what a ton of shorts have been saying of AMZN for a very long time. High p/e is not a good reason to short a stock. There's a reason for the high p/e ... this company can double in size pretty easily. The same can't be said for WFM. SFM should be up on WFMs woes cause they're one of the companies responsible for the competition. WFM = ridiculous prices, they sell an experience, an experience that others have found is easy to mimic.
How to Think about Market Prices: Be happy when a stock you own goes down. It gives you the opportunity to buy more at a discounted price.
I can assure you a highly respected biotech like NVAX will have nothing to do with "aggressively promoting the share price". They never have and never will. They actually spend their time doing important work, not running some shady PR campaign. Sorry they're letting you down if you need your returns right now.
mrmaadi, thanks for taking the time to sit in with the message board clowns.
What % of diabetics have COPD or asthma?
What % of diabetics require the short acting insulins?
What % of diabetics complain of inconvenience or pain associated with injected insulin?
It's good of you to come here and give the uninformed a professional opinion. Thank you!
Right, and only 5% profit margin. And, standalone digital camera sales have been in steep decline for past 5+ years, which is only getting worse as smartphone cameras get better. And, when Google glasses become affordable it could make Gopro totally obsolete. Becoming the go-to company for video content is an uphill battle. Betting on them being some huge player in action sports content is just pure speculation. They're up against a lot of competition there.
An easily duplicated technology in a small niche market... a $5B market cap is not rational. This has Skullcandy part 2 written all over it.
IPOed at the peak of its popularity. It was marketed to the action sports crowd. Then other companies saw Skullcandy's success and it was easy enough to make a similar product. It's been downhill ever since for SKUL.
Could it go to $50?...sure, why not. But, eventually this thing will crash and burn.
Just be careful guys! It's run up 30%+ in 3 days. It can drop that far and then some in the same amount of time.
They "ARE already" the main source of action sports content? Uh-oh, that's not good! Cause they're not making much money.
And as far as smartphone camera "never" do what GoPro can? Just wait and see...wait and see. Cause they will.
GoPro is a niche product. Most of the world is perfectly content with their cellphone cameras. The fact that Sony, Panasonic, Samsung, Nikon, Canon etc etc haven't already made a similar product (assuming they haven't...cause maybe they have) - just goes to show how much of a niche it is.
OMG....uh-oh! What are you guys going to do with all the shares you've bought from these institutions?
You think they'll buy them back from you at $45? Haha, no ... if they're interested in owning it longer term they'll buy it back at $10.
Just ask yourself....how many people are skydivers, wingsuit flyers, mountain bikers, BASE jumpers etc etc etc ..AND... want to wear a camera strapped to their head while doing it?
Growing every year? That's not true ... check the financials.
The reason theyve remained unchallenged is probably cause it's such a small market. If there was big money in it you'd see Sony, Samsung and a slew of others going after it...but they're not.
The real problem here is that it's NOT growing. They've IPOed this thing right at the peak of it and it probably won't really grow from here. The best they can hope for is that the people who already own one will upgrade to newer models in the future. But are they obtaining new customers anymore? No, it appears they are not.
All I'm saying is to NOT bet on this as a good long term investment. Just look at a chart of SKUL if you want to see what happens when a company IPOs at the peak of its success.
I can second what you say about the sales tactics. I was in Best Buy one time and there was a sales rep from the company there, trying to sell them. It was a pretty sad scene cause she was clearly not an adventure sports person and she was clearly not tech savy and really didn't know much about the product. I was actually pretty shocked by it. I figured they would've been able to get some better sales personnel.
The product sells itself to the target market (extreme sports enthusiests), but it seemed like the effort to sell it to the masses at Best Buy was a lost cause.
Yea you're so right. everyone I know has tried Google glass. And they all say its junk...so web 1.0, so 1999. It's light, it naturally fits your face, you don't get to wear a helmet and a mount with it. What a piece of junk! Dude, thanks so much for the enlightenment!
I love how everyone uses Amazon as an example of a bubble. It's just not true. Amazons valuation makes perfect sense...its growing, its THE online ecommerce powerhouse, its years ahead of the competition (wallymart, target, bestbuy) in terms of technology. There is a fountain of money flowing into amazons pocket every day.
GoPro is just another camera company. A small one. Best buy sells GoPro along with thousands of other products. GoPro should and eventually will be a fraction of Best buys market cap. GoPro is no Amazon, that's for sure.
All of you GoSuckers out there....just keep pumping the stock, that's fine. Keep saying it'll go to $50 or $75 or $750...whatever. That's fine...just don't actually BELIEVE the hype.
Becuasue, just as it could go to $50, it CAN go to $30 in notime.
Nope, they'll have google glasses.
And they already have cameras in the vehicles.
Nikon could crush gopro if it cared to do so. The pros use Nikon or Canon ...gopro just doesn't cut it...should be called goamatuer... Don't take my word for it though...go read amazon reviews on Canon or Nikon stuff vs. gopro. Canon or Nikon beats the pants off gopros gear. If it wanted to, canon could make a gopro type camera but they probably don't see the market as being big enough.