When a company sells products that are not revolutionary and offer little barriers to entry, the risk of rival products generally will surface. GoPro Inc (NASDAQ:GPRO) is one such company that debuted with spectacular fanfare but is now facing wrath from investors as they rush to liquidate GPRO stock on rising uncertainties.
GPRO stock has plummeted to less than half of its 52-week high, and it is struggling to re-invent itself in what is an extremely competitive landscape.
In previous discussions regarding GoPro stock, my view was that the company had a great little action-video-recording product, but it also needed.
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