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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: AroundtheSon]
    #22807978 - 01/21/16 05:54 PM (8 years, 8 days ago)

Anybody keeping an eye on GoPro?

It's taking a beating for not meeting sales estimates.  I feel like its falling into levels of irrationality. 

The company has no debt, and they have consistently built equity and free cash flow since the IPO.

For me it comes down to weather the brand is durable, if the company survives, which I imagine it will (hard to go bankrupt with no debt...), I think it could have a significant upswing long term

Anyone?


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: All We Perceive]
    #22810426 - 01/22/16 09:58 AM (8 years, 8 days ago)

Welp, I bought 500 shares of GPRO at $10.98, I guess I just felt like gambling a bit..

First of all, I'm looking at this from the value school of thought.

From my perspective: I'm looking at a company that has grown it's revenue, EPS, and Equity year over year and has no debt...  The stock is selling below it's Graham number per share valuation, and it's assets alone are worth about $5.40 per share...

I feel like the company has a durable brand, and taking a que from the Buffet/Munger school of thought, I think the brand is a more valuable asset than the stock reflects..  For tech people, or someone like me who researches every product I buy extensively and often makes a compromise for a better price, the market for these camera looks saturated...  But for people who don't know tech, the people out there mounting five of these things on a surf board, the people who actually create content that people want to see...  These people are influenced by the brand, and for good reason.. Even though GoPro is more expensive it is still an industry leader with 4K options and 1080p x 60fps options...

I have a good friend who is a mountain biker, she doesn't know anything about tech.  For people like her, she's going to ask for a GoPro as a gift, because GoPro has brand presence..  If her spouse gives her some cut rate camera she is going to be disappointed..  And not even necessarily because GoPro is better, but because it has a brand moat..

Someone who asks for an Apple computer for Christmas is going to be disappointed with anything but an Apple, not because Apple is necessarily better, but because they want a fuckin Apple.  You dig?

As for GoPro being a One Trick Pony, that is my biggest concern...  But it's up to the company to deliver innovative solutions that lead to growth..  I don't know what the future holds.  This is reminiscent of when I bought Netflix in 2011 for a measly 9 bucks a share; they hit a big slump, lost a large portion of their customer base, everyone said Netflix was only good at one thing, Hulu was offering the same thing for free and with Amazon getting into the game Netflix was done for..  Netflix has grown tenfold.  Back then, no one could foresee its future success in producing Original Series...  It’s up to the company to come up with those solutions..  And given that the CEO of GoPro has lost a large portion of his net worth over the past year, I don't think anyone is going to be putting more effort into this idea than him…

I did NOT make this post to try and convince anyone to buy GoPro, I just wanted to lay out my philosophy behind the buy, for my own piece of mind and posterity.


Edited by Mojo (01/22/16 10:07 AM)


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: Ahab McBathsalts]
    #22810889 - 01/22/16 12:17 PM (8 years, 7 days ago)

Yea I know..  I realize it's risky territory.


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: All We Perceive]
    #22887603 - 02/10/16 01:04 PM (7 years, 11 months ago)

Purchased more GPRO today, 140 shares at $10.68.  That was just some cash hanging around in my Roth.  I think I'm done now, let it ride.


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InvisibleMojo
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Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: Mojo]
    #22913240 - 02/16/16 07:17 PM (7 years, 11 months ago)

:bananadance:


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for January 7, 2016 - Bounce? [Re: LunarEclipse]
    #22915032 - 02/17/16 10:07 AM (7 years, 11 months ago)

GPRO over 20% in two days. Up up and Away!

Anyone else making 20% after 30 days in this market?  :grin:  Ok, I'm sorry that was just mean.


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for March 30, 2016 [Re: memes]
    #23207753 - 05/09/16 08:49 PM (7 years, 8 months ago)

I sold my position of GPRO when it hit my stop-loss position of $11.15.  I am bummed that I didn't sell at a considerable gain a few weeks ago.  I was up like 40% :facepalm:.  I'm tempted to dive back in but I am not feeling very confidant about anything right now.  Saving money is better than losing money. :shrug:


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for March 30, 2016 [Re: LunarEclipse]
    #23241931 - 05/18/16 12:54 PM (7 years, 8 months ago)

Back into GPRO I go..  My limit purchase initiated today @ $8.90 per share.


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InvisibleMojo
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Registered: 07/12/07
Posts: 1,676
Re: Stock Update for March 30, 2016 [Re: Mojo]
    #23329026 - 06/10/16 11:08 AM (7 years, 7 months ago)

GPRO hit my stop loss this morning.  All sold at $10.48/share, for a 15% return.  Not bad for a three week run..


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InvisibleMojo
Stranger

Registered: 07/12/07
Posts: 1,676
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: today mylove]
    #26540531 - 03/17/20 10:52 AM (3 years, 10 months ago)

Curious whats keeping the more experienced of you away from stocks reliant on the travel industry.  The obvious immediate downsides aside, it looks like it could be a decent mid/long term strategy.  Buffet bought up Delta Airlines stock, some of these stocks must be attractive to value investors.

NCH, RCL, DAL, LUV, MAR, UBER; have all taken big hits recently.  Any opinions on any these options?
(Norwegian Cruise Lines, Royal Caribbean Cruise Lines, Delta Airlines, Southwest Airlines, Marriott Hotels, Uber)

Not to sound like a broken record; another Buffet stock OXY is at a 20yr low.  Any thoughts on some of these long shots in the petroleum industry?
(Occidental Petroleum)

I am currently dumping my savings into a brokerage account.  Considering many things but I may just dump everything in an S&P500 index.


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InvisibleMojo
Stranger

Registered: 07/12/07
Posts: 1,676
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: plasma]
    #27332679 - 06/02/21 01:12 PM (2 years, 7 months ago)

Quote:

plasma said:
How high is amc projected to go?




$100,000.00/share


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