jmspriggs
Short

GPRO IS IT WORTH THE MONEY

NASDAQ:GPRO   GOPRO INC
35 2 1
Would anyone on earth buy some annuity at the bargain price of $75.00 for a return of .50 a year. Does that make any sense at all. GPRO             P/E is around 217. Lets say you give it a multiple of AAPL             = 16.64. That makes GPRO             worth $7.82. Is APPL             a greater company than GPRO? Its a camera company. I know , you guys count on growth, when do you think they will have the same sales as AAPL? Never. Lets get real crazy and give GPRO             same P/E as NFLX             about 5.5 billion or so in sales vs GPRO             1.05 billion in sales. Now we value GPRO             @ $47.00. Now lets compare MSFT             vs GPRO             , MSFT-23.5 billion in sales vs 1.05 billion MSFT             P/E 18.28 , is GPRO             worth 150 x's MSFT             . If you say yes , you need to take a urine test. The principles in this overblown camera company should thank the universe that the people are so damn dumb. Zapruter IPO would have been over $1000.00 per share based on this madness.
2nd question. did GPRO             do a little cooking for the IPO . You bet your butt they did. Mark Cuban would be proud.
It can go 2 ways thursday, up or down. Wall street has to swim on their own now and you can bet all these inflated valuations will soon be looked at a second time. Even if they beat , they are dead.
price target?
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jmspriggs NickCoulby
i guess it depends on the market, i wouldn't be shocked if it went to 27. They say never fight the FED, Its one of my bubble stocks that i keep deep puts on always 6 months out, i mean really low prices , i have amazon 150's jan 16 puts and i have NFLX 90's , i always have about 4 big P/E stocks shorted just in case something happens. you never know
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