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Wednesday, September 13, 2017 6:34:53 AM
GoPro @current around $11 is low & still an opportunity for most to get in before heading back to $90 again.
...The product execution on HERO6 has been phenomenal and we're actually now selling HERO6 product into the retail and distributor channels. It'll be a true global launch and the first true global launch the company has ever had.
This means GoPro has executed well ahead of release time in order to ship product. With a positive outlook this early on, it seems the company didn't struggle with production of the product like it did last year. Combined with even lower inventory channels than known at Q2 earnings, the channels are ready to be filled.
This should allow the company to sustain some momentum heading into the holiday quarter with product sell-thru. We'll know more on how that is going when we hear Q4 guidance in another month or so.
FWIW.
THANKS FOR SHARING!
Recent GPRO News
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