Investment Thesis
GoPro (GPRO) has seen its shares rally meaningfully of late as investors become optimistic that this company would once again have a day in the sun.
However, considering all the risks of investing in a company with a shrinking revenue base, paying more than $700 million market cap for GoPro is punchy multiple, as it puts its stock trading for 15x forward hypothetical operating profits.
On the other hand, GoPro has a very well-articulated plan on how it intends to reach profitability in the near-term.
Ultimately, this stock is certainly worth