GoPro - Be A Hero Message Board

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Technology Stocks : GoPro - Be A Hero

GPRO 1.715

+5.9%

1:28 PM EST

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From: Sr K	12/11/2014 5:18:31 PM
	of 205

11:48 am GoPro extends sell off to 3 month low -- Color on weakness ( GPRO) : GPRO is down 6% this session, extending its recent sell off. On December 23, 76 mln shares will be unlocked (and available for sale) from insiders.There are currently 127.8 mln shares outstanding and the float is ~55 mln shares; 10.6 mln shares are sold short.Also, Citigroup was out cautious on the stock this morning. While a strong holiday season is expected, valuation remains a concern at ~48X FY15E earnings and ~4.5x FY15E sales. Many believe the lofty valuation reflects expectations for GoPro to expand beyond hardware and more into media, monetizing the exciting content its users create. - Range 57.92 - 64.44, closed 60.05

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