Billion-dollar companies are like aircraft carriers -- turning them around often requires time and a calculated strategy. It becomes even harder when the market predicts failure and sends shares down over 90%, limiting the tools available to execute.
That's exactly what happened to GoPro (NASDAQ: GPRO) , but it has since undergone a transformation to modernize its business model. Now, it's fast becoming a poster child for comeback stories. It's still the best action camera company in the world, but it also has more control over sales with a direct-to-consumer channel plus a subscriber base of over 1.1 million paying users.
In its second-quarter results released on Aug. 5, GoPro again posted a positive bottom line, suggesting it may have reached the light at the end of the tunnel.
For further details see:
Why GoPro Is the Growth Stock to Buy Right Now