Thursday, January 14, 2016

GoPro: I Made a Mistake

       For all the hand wringing in this blog about the lack of barriers to entry and GoPro being overpriced, I made a mistake.  After GoPro melted down for $90 to less than $30, I felt it was approaching fair value.  It looks like I was mistaken.  The price today is down to about $12.  This just underscores the point that technology markets are highly competitive and making consistently positive risk adjusted returns is no easy task.  GoPro, once a "market disrupter," is now just another camera maker.

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