GPRO - GoPro: Why This Stock Is A Bargain
- There are two points to understand here: the subscription business is growing at triple digits and the premium-priced cameras are increasing over time.
- Together, these are driving strong free cash flow this year.
- I believe that GoPro will make $160 million of free cash flow this year, and at least $175 million in 2022.
- Altogether, this implies that GoPro trades for 9x next year's free cash flow. Think about that!
- Video podcast discussing GoPro's bullish and bearish case. The key takeaway is that despite bearish considerations, the stock is cheaply valued.
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GoPro: Why This Stock Is A Bargain