GoPro shows its vulnerability after horrific Q3 earnings • Hacker News Board

Re: GoPro shows its vulnerability after horrific Q3 earnings

#21

Post by 9935c101ab17a66 » Thu, Nov 03, 2016, 9:19 PM UTC

djsumdog wrote: post #8

Why is not selling enough a bad thing? You make a good product, everyone loves it and don't need another one? This is why I haven't replaced my original Pebble either. I remember Intel hitting this same type of market/stockholder crunch. Hello: not selling more stuff is A GOOD THING! It means your last generation was really good (well, if people are still using it and not buying another one). It means you can lower f…

Okay, sure. But the stock price is tied to a company's ability to provide value to shareholders. And GoPro is totally failing on that point. So the company is worth less.

Your post comes across as more of a rant against conspicuous consumption rather than a reasoned response to this news.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#22

Post by conistonwater » Thu, Nov 03, 2016, 9:20 PM UTC

topbanana wrote: post #9

GavinMcG wrote: post #4

Who halts the trading? Is it a normal circumstance before earnings reports are released, or does it have something to do with the magnitude of the miss?

There are circuit breakers operated by the exchange in case of significant and sustained orderbook imbalance (ie a stock is being hammered) These are today's on NASDAQ http://www.nasdaqtrader.com/trader.aspx?id=TradeHalts

That page lists the reasons as T1 (halt pending release of material news), and T2 (halt while news is being disseminated). So then it's not a circuit breaker (T5?)?

I wonder how exactly that works. What kind of news does it apply to? Is it common? Can a company ask for a trading halt on its own before it releases bad results?

Re: GoPro shows its vulnerability after horrific Q3 earnings

#23

Post by chmars » Thu, Nov 03, 2016, 9:21 PM UTC

giarc wrote: post #14

niftich wrote: post #2

They have a drone? Oh, they do, but it doesn't ship until the end of November. The Engadget review (dated today) [1] presents a good look at the device and how it compares to the competition -- different trade-offs. Nicer if you're in the GoPro ecosystem, but the competition is a better flyer. So perhaps the market for rugged cameras is fairly saturated by their own products, and the aerial market has partially saile…

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

I belong to group 1 – but because of the low battery endurance of the newer models. And the touch GUI and the apps aren't that great either. If I don't need a rugged camera, I can directly use my iPhone.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#24

Post by [deleted] » Thu, Nov 03, 2016, 9:21 PM UTC

giarc wrote: post #14

niftich wrote: post #2

They have a drone? Oh, they do, but it doesn't ship until the end of November. The Engadget review (dated today) [1] presents a good look at the device and how it compares to the competition -- different trade-offs. Nicer if you're in the GoPro ecosystem, but the competition is a better flyer. So perhaps the market for rugged cameras is fairly saturated by their own products, and the aerial market has partially saile…

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

[deleted]

Re: GoPro shows its vulnerability after horrific Q3 earnings

#25

Post by mikestew » Thu, Nov 03, 2016, 9:21 PM UTC

I try not to generalize personal experience to a company's stock price. But in GoPro's case I'm picturing a bunch of folks like me who bought one, and then swore to never again buy anything with GoPro's name on it. And those people tell their friends who are considering an "action camera". So you end up with a segment of customers from whom you'll never extract another dime, plus all of the people who might have bought one had they not spoken with current customers. (I'd recommend the Garmin offerings if you're in the market.)

I won't reiterate my complaints with my GoPro camera because I've bitched enough already on HN. The summary is that it is probably one of the most disappointing, and frankly, aggravating pieces of tech I've purchased in the last decade. It's not a matter of "cheap Chinese knock-offs" being almost good enough. It's that what the Chinese are copying wasn't all that good to begin with, so it's not terribly hard to match on quality and then undercut massively on price.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#26

Post by pravda » Thu, Nov 03, 2016, 9:21 PM UTC

giarc wrote: post #14

niftich wrote: post #2

They have a drone? Oh, they do, but it doesn't ship until the end of November. The Engadget review (dated today) [1] presents a good look at the device and how it compares to the competition -- different trade-offs. Nicer if you're in the GoPro ecosystem, but the competition is a better flyer. So perhaps the market for rugged cameras is fairly saturated by their own products, and the aerial market has partially saile…

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

I think people have just figured out that competitors offer much more value.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#27

Post by pja » Thu, Nov 03, 2016, 9:23 PM UTC

giarc wrote: post #14

niftich wrote: post #2

They have a drone? Oh, they do, but it doesn't ship until the end of November. The Engadget review (dated today) [1] presents a good look at the device and how it compares to the competition -- different trade-offs. Nicer if you're in the GoPro ecosystem, but the competition is a better flyer. So perhaps the market for rugged cameras is fairly saturated by their own products, and the aerial market has partially saile…

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

Equally a strong resale market should encourage people to try them out because the risk factor is relatively low. Don’t get on with it / use it? Sell it on & only have to eat a relatively small proportion of the price you paid.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#28

Post by mangeletti » Thu, Nov 03, 2016, 9:23 PM UTC

This coming Monday's low, in my humble opinion, not investment advice, is the best time to buy GPRO.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#29

Post by tyingq » Thu, Nov 03, 2016, 9:25 PM UTC

djsumdog wrote: post #8

Why is not selling enough a bad thing? You make a good product, everyone loves it and don't need another one? This is why I haven't replaced my original Pebble either. I remember Intel hitting this same type of market/stockholder crunch. Hello: not selling more stuff is A GOOD THING! It means your last generation was really good (well, if people are still using it and not buying another one). It means you can lower f…

It's a bad thing for a publicly traded company that doesn't offer a dividend. Basically, investors want your company to either grow (so share prices grow), or offer a dividend. If you can't offer either, then an investor might as well invest in something less risky.

A privately held company that has relatively flat YoY sales, but is at least able to raise prices to match cost of living increases would be "good" in many cases (depends on the investor expectations, again).

Re: GoPro shows its vulnerability after horrific Q3 earnings

#30

Post by mkagenius » Thu, Nov 03, 2016, 9:25 PM UTC

giarc wrote: post #14

niftich wrote: post #2

They have a drone? Oh, they do, but it doesn't ship until the end of November. The Engadget review (dated today) [1] presents a good look at the device and how it compares to the competition -- different trade-offs. Nicer if you're in the GoPro ecosystem, but the competition is a better flyer. So perhaps the market for rugged cameras is fairly saturated by their own products, and the aerial market has partially saile…

I think GoPro suffers from two problems. 1. Many people buy these camera's that never use them, or use them a few times but realize editing videos takes longer than they hoped it would. So after a while of non use, they sell the camera. 2. They built a good product, one that lasts and is therefore good for the used market. People are comfortable buying a used GoPro because they know it's rugged and well built. So GoP…

> They built a good product, one that lasts and is therefore good for the used market.

They should sell like apple - "we are launching best ever go pro, 67% brighter than any other go pro" lol