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GoPro shows its vulnerability after horrific Q3 earnings

techcrunch.com

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Re: GoPro shows its vulnerability after horrific Q3 earnings

#31

Post by mtw »

mikestew wrote: post #25

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 boug…

I haven't read your account. What's bad about GoPro?

Note : I have an action camera, but it's from Garmin

Re: GoPro shows its vulnerability after horrific Q3 earnings

#32

Post by cmdrfred »

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

I never knew this. Have you ever noticed when you look deeper at any system created and run by people who claim to love the free market, it is loaded with anti free market regulation? Who is the stock exchange to tell me I can't sell my asset?

Re: GoPro shows its vulnerability after horrific Q3 earnings

#33

Post by jsemrau »

mkagenius wrote: post #30
giarc wrote: post #14

Earlier quoted context omitted.

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

Now you need 3 dongles to get your movie out of the camera

Re: GoPro shows its vulnerability after horrific Q3 earnings

#34

Post by vegabook »

ojm wrote: post #18
vegabook wrote: post #11

Another victim of Chinese leaching off Western entrepreneurship. Can someone point to any, any sector that this country has invented itself? Challenge.

Hoverboards.

I have hoverboards. Decent counterpoint. My turn: Silicon chips. Television. Telephone. Automobile, Facebook Google Microsoft Apple Linux Oracle IBM SAP. C Golang Python Ocaml Haskell Scala Java Church Javascript. WWW. The internet. Penicillin. The New York Times. Raytheon, F16. Man-on-the-moon, Hermes Handbags, every single computer game ever (Japan 999 China zero), every sporting franchise ever. Just scratching the surface.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#35

Post by mikestew »

adamnemecek wrote: post #16

They went from 86.97 on Oct 4, 2014 to 11.94 now. Isn't looking too good.

I remember having an alert set for if GPRO ever bounced up from (let's say) $45. It hit that number and never bounced, it just kept on going down. I consider my GoPro to be my worst tech purchase in the last ten years, but as a mostly technical trader I'll occasionally (though rarely) buy a stock despite my feelings about their offerings. But GPRO demonstrates that, once again, I should stick to companies that sell things I like.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#36

Post by mtw »

Dnd future doesn't look good. Their star product is not as advanced as the new DJI mavic pro. The new gopro 5 don't have new amazing features (5k, raw recording, much better dynamic range etc.), it's mostly a small bump from the 4 series.

Unless you are a total GoPro fan, there's no reason you would buy the newly released products.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#37

Post by nzjrs »

epistasis wrote: post #12
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…

If you're going to ask that, you also need to ask why needing to halt trading is a bad thing. "Good" and "bad" are value judgements that change in different contexts. A large component of stock price is the expectation of profits for share holders in the future. If those expectations change, and the stock price plummets, it's not necessarily good or bad in the sense of a product being good or bad, or a company being…

Well put. If someone can't find happiness in gopro being a successful 100mil company instead of a 1bil company, then we have become unmoored somewhere

Re: GoPro shows its vulnerability after horrific Q3 earnings

#38

Post by creshal »

Afforess wrote: post #17
vegabook wrote: post #11

Another victim of Chinese leaching off Western entrepreneurship. Can someone point to any, any sector that this country has invented itself? Challenge.

There is no such thing as an original idea. If another company can take an existing product and do it better, I can't see a good reason they should be prevented. Better products are always a win for consumers, and a win for innovation. There are reasons to complain about China (unfair labor practices, pollution externalities), but copying/improving on western ideas is not one of them.

> There is no such thing as an original idea.

Maybe not, but being the first to implement one is massively more expensive than being the second to. Hence patents, to give you a chance to recover your expenses – if companies have to fear never making a profit of being the first, you're still starving innovation: Ideas are worthless if they aren't implemented.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#39

Post by odbol_ »

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…

If only they made crappier products that break more often, at least then their stock shareholders would think it's a good company. This exemplifies everything that's wrong with capitalism and planned obsolescence.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#40

Post by odbol_ »

lbotos wrote: post #20
giarc wrote: post #14

Earlier quoted context omitted.

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…

Re: Video editing, whoever figures out how to make that _super easy_ is going to make a TON of money.

You mean iMovie? How can it get easier than "drag and drop your video, hit share button"
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