Reverse split has to happen because 0.30 is the lowest they can sell the shares at according to the rules. also, because they believe there wouldn't be enough takers at a higher price.
Unfortunately, the dilution is just too much with shares being 0.02 each. And assuming they sell 300m worth of shares at this price, this would practically give away 95% of the company.
nobody is arguing that missing target by 10% is bad, what we are arguing is that it's already priced in. when management said session didn't sell as well as they expect, does anyone still reasonably believe the original guidance still in effect?
It's trading for $30 before earning today vs $60 after guidance 3 months ago for a reason.
and what argument is that? we all can see it is 20% down, heck the entire topic is arguing against that point. we'll see what analyst have to say in about 3hrs. my guess is downward target revision but maintaining outperform due to low price.
advertising is a big business and go pro is getting into it.
you keep thinking in the short term, yes it's a camera, an action cam, but so what? guess what temperpedic sell? "just" a foam mattress with lots of cheaper imitators all around. You'll replace your electronics much sooner than you will replace your mattress.
and look at where amzn is trading at?
when I believe things changed, I will re-evaluate my position, from what I can see right now, it's great and they still have many markets they can go into.
I'm not making a comparison but I remember people bashing fb when it was at $24 claiming how high the valuation is at and they are NEVER going to produce meaningful eps.
no, you think it's bad, I don't think it's bad at all and more or less what I expected for the quarter. management already stated session didn't do as well last month as they expect, and hence share prices halved, so what does that mean? ofc it's going to affect what they originally guided for the quarter. as for Q4, the 690m analyst average all were counting on gopro to make something top end for the holidays, which they didn't. If you have a hero 4, you wouldn't get another one for xmas if you don't need it, but if it was a hero 5 with improvements, you might get it. that's why it's guided so off. They could have rush released hero 5 and easily guide high.
bottomline is, this is a growth stock trading at value prices, once market realizes, share price will correct itself. why do I care what people dump it for tomorrow? I'm in no hurry.
keep on shorting, I am keeping my shares nice and safe and buying.
guidance was provided when this was trading in the $60s, ofc they missed and ofc q4 is not going to be as much as expected as again, guidance was made given the expectation that gopro releases new high end products for the holiday.
the initial reaction was WOW they missed! sell sell sell!, but once dusts settles they will realize it has all already been priced in and shares will rebound. just 10% rise from the last traded AH price ill break even, but no worries ill be adding :) I expect this to close down about 2% at $29.7 by the end of the day tomorrow.
yeah right sure. it's abundant everywhere. you do know that "out of stock" is a bad thing right? it means supplies are not being matched with demand. so now people who wants one at "Pacific Northwest costco", can't buy one, and seeing that it's available practically everywhere online, it is certainly not due to "demands being too high" shortages usually online occurs during holidays OR supply-chain issues OR new releases and none of those applies to go pros right now. go pro session is not selling very well based on best seller ranking and numbers of customer feedbacks on practically every site.
p.s. I long about 6700 shares, but I also don't think posting random b.s. helps the stock a single cent. waiting for Q3 results, gl bud.
and again, everyone can claim whatever they want to be, it's the internet after all.
I can also claim that my returns in 2014 was well over 150% (which is actually true, but that is my own business and I credit luck more than anything else)
I've been on to so many so many different boards, since around early 2013 EVERY single board there are annoying bashers, and there are also pumpers who claims to know something. sometimes they are right, (ie. FB), sometimes they are WAY wrong (ie. OCZ,AMD,RSH,APP, etc.)
and it looks like you are no different than just another guesser.
btw, you don't need to know anyone to know how well it sells on amazon, there is a best seller ranking for that. usually extraordinary high demand items will not be in stock all the time or back-ordered for few days, go pro is always in stock. which isn't particularly a bad thing. you want the supplies to match the demands afterall.
and again, we are on the same side of trades here, so I hope to god you are right. but also again, Gopro is a very liquid stock, by keep posting/spamming stacking-the-deck information on a yahoo message board isn't even going to change the share price by 1 cent. It's easy to claim whatever you want over the internet. what happens if you keep insisting, I personally don't care but you think bashers going to change their minds? you think pumpers are going to disagree? or do you think you'll change the minds of analysts?
Fund managers have a lot more available contacts then you do.
Unless you are some major shareholders with millions of shares, no one is going to take you seriously. you can call up 100 different best buys if you want, but ill tell you, even they wouldn't be able to correctly guess the price of the movement in the stock. Heck, even the CFO of the company, the one who oversees all the financials have been selling shares, what does that tell you? I'm pretty sure he isn't desperate for cash.
it's amusing ANYONE claims about knowing something rest of us dosen't.
first of all, if you are, you wouldn't be here at some random YAHOO chat board, second, if you are, you wouldn't be DUMB enough to brag about it, I know I certainly wouldn't