Not a good day to be holding GoPro camera stock!

9 years 6 months ago #405006 by Cathy Kadolph

"Every child is an artist. The problem is how to remain an artist once you grow up." Pablo Picasso
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9 years 6 months ago #405010 by ubookoo
Wow! Because they are giving away some personal stock? Have never seen this happen before. May be a good time to buy!


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9 years 6 months ago #405016 by Finn
Looks like I'm not the only one thinking this.  GoPro is a good one to be watching.  I hope it tanks more so I can pick up some!  


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9 years 6 months ago #405066 by Kelly Lambert
OUCH!  That one will hurt 

Nikon D700: 50mm, 14-24mm, 85mm, 105mm 70-200mm, 150-500mm (Sigma), SB-900
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9 years 6 months ago #405072 by Joves

ubookoo wrote: Wow! Because they are giving away some personal stock? Have never seen this happen before. May be a good time to buy!


No they are not actually giving the stock away. They are doing a Bill&Melissa Gates deal. They set up their own foundation for the tax benefits, and to have control over the money. If they were giving it away, then they would have never been able to violate the lock agreement. Thing is though, now they can sell the stock to have liquid assets for the foundation, something they were barred from doing under the lock agreement. This is most likely why the value dropped so much, as people in the investing world saw it for what it was. And that was a dodge to the rules.


The following user(s) said Thank You: Baydream
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9 years 6 months ago #405094 by Overread
Well it sure beats what some companies are doing.   


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9 years 6 months ago #405110 by Tim Dordeck
The stock recovered most of it's ground.  Typical media nonsense blew this out of the water as usual http://www.marketwatch.com/investing/stock/gpro  


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9 years 6 months ago #405216 by Moe
I don't get it, why the drop?


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9 years 6 months ago #405320 by Sawyer
Easy recovery of them, I'd bet by end of this up coming week, their stock price will have completely recovered.

Canon 5D Mark II | Canon 70-200mm f/2.8L IS USM | Canon 35L | Sigma 85 1.4 | Helios 44M-6 58mm(M42) | Zeiss 50mm 1.4 (C/Y) | Canon 135L | (2) 430EX II
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