Nope...not $7, it's over all market from
Trump vs N. Korea that caused market sell off for couple days & as for profits taking on GPRO.
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GoPro Inc. 's (NASDAQ: GPRO) share decline from nearly $90 to under $10 didn't happen because people stopped using GoPro cameras. It happened because GoPro lost focus of its position in the camera market and compounded its problems by building too much inventory, resulting in massive losses over the last two years.
CEO Nick Woodman and team have had to reconfigure the business and give up on aspirations of becoming a media company, but GoPro finally seems to be better off for it. And after second-quarter results, it looks like GoPro is finally learning from its mistakes and positioning itself for success going forward...
FWIW, keep your shares at least to end of 2017, GPRO will be $15+ IMO.
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