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GoPro +100% From IPO (In 3 Days)

Tyler Durden's picture




 

Averaging over 20% gains per day since the IPO, and set for options trading on Monday, GoPro has now managed a 100% gain from its $24 IPO 3 days ago... Is camera-on-a-stick the new Pets.com?

 

 

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Tue, 07/01/2014 - 12:42 | 4914182 FieldingMellish
FieldingMellish's picture

Insatiable demand for paper... any paper...

Tue, 07/01/2014 - 12:43 | 4914187 flacon
flacon's picture

Is it the wide-angle lens that makes Go-Pro so popular? My brother has one and (oddly) there is no screen on it. 

Tue, 07/01/2014 - 12:49 | 4914219 Thought Processor
Thought Processor's picture

 

 

 

This is just the post IPO pop.   Next will come the post IPO drop.  

 

Both are highly manipulated via the market makers for the issue.  Much churn involved and early investors who have preferred shares are often allowed to get out during the pop phase.

 

Nothing new here.  

Tue, 07/01/2014 - 13:06 | 4914284 Pladizow
Pladizow's picture

Fuck it! - I'm gonna IPO shit on a stick!

Tue, 07/01/2014 - 13:13 | 4914302 SafelyGraze
SafelyGraze's picture

OT -

parse this:

http://www.reuters.com/article/2014/07/01/bulgaria-crisis-financing-idUS...

Bulgaria sells treasuries to ensure banking liquidity

bulgaria central bank sells its treasurys

sopping up money (levs) in the process

meanwhile bulgarian govt *lending* levs to banks

repayment, plus interest, will further sop up levs

short-term removal of levs courtesy of the central bank

longer-term removal courtesy of the gov

that's how you "ensure liquidity" in bulgaria

 

Tue, 07/01/2014 - 13:47 | 4914454 Manthong
Manthong's picture

Now there’s a nice popular product with high market barriers to entry, for you.

Right?   ..No mo there.

Tue, 07/01/2014 - 13:10 | 4914294 max2205
max2205's picture

At least they have a product unlike FB

 

No position today

Tue, 07/01/2014 - 13:35 | 4914402 cowdiddly
cowdiddly's picture

Yes, I remember another toy fad that swept the nation  the "Hula Hoop"

Tue, 07/01/2014 - 13:16 | 4914313 teslaberry
teslaberry's picture

seems like the next alibab IPO has many streeters drooling over the paper wad.

Tue, 07/01/2014 - 12:52 | 4914221 NoDebt
NoDebt's picture

Its because it's "ruggedized" and has a zillion mounting options.  We stick them on the sides of our cars at the dragstrip sometimes to record a pass to throw up on the internet and show our friends.  We've mounted them underhood, under the front bumper and even back off the frame to record what the rear suspension is doing on a hard launch.

They're pretty cool.  Wouldn't buy stock in the company, though.  Don't see what's stopping anyone else from making a competitor to it and eating their lunch.

Tue, 07/01/2014 - 12:54 | 4914235 ParkAveFlasher
ParkAveFlasher's picture

I use them to record my keying in of comments to ZH for later analysis. It attaches directly to my forehead.  Very practical product, indeed, a real must-have.

Tue, 07/01/2014 - 12:59 | 4914259 Dr. Richard Head
Dr. Richard Head's picture

Flesh light has come out with an attachment for the iPad that one can fornicate with.  Combine that with a waterproof case and you got yourself an IPO to wank for.

Tue, 07/01/2014 - 13:12 | 4914299 NotApplicable
NotApplicable's picture

Turn on the camera and go fuck yourself!

Tue, 07/01/2014 - 12:57 | 4914251 TN Jed
TN Jed's picture

Mobius for ~$80 is a very affordable option and it will fit in a blue jean pocket.

Tue, 07/01/2014 - 13:03 | 4914276 markar
markar's picture

Let me know when you can mount them in your ass so you can do your own colonoscopy.

Tue, 07/01/2014 - 13:13 | 4914303 NotApplicable
NotApplicable's picture

That would be that stick thing Tyler mentioned. o_0

Enjoy!

Tue, 07/01/2014 - 13:30 | 4914373 bagehot99
bagehot99's picture

Somebody, whose name I can't be arsed to Google, already is.

Tue, 07/01/2014 - 12:55 | 4914238 Uncle Sugar
Uncle Sugar's picture

Remember Iomega? It's deja vu all over again.

Tue, 07/01/2014 - 12:58 | 4914253 Cthonic
Cthonic's picture

Small, rugged, hi-res.  Lots of hyperactive unemployed millenials, diving off cliffs and such, recording inanity for posterity.

Tue, 07/01/2014 - 13:17 | 4914307 NotApplicable
NotApplicable's picture

You mean for lawyers.

It's amazing how much more provocative they make activist bicyclists. (especially in a town where honking at them is legally considered harassment (never mind if it was necessary))

Tue, 07/01/2014 - 13:27 | 4914353 Skateboarder
Skateboarder's picture

Fucking biker fags.

Tue, 07/01/2014 - 13:28 | 4914362 Max Cynical
Max Cynical's picture

How many extreme sports enthusiasts have died filming their final moments with a GoPro?

Tue, 07/01/2014 - 14:38 | 4914594 mkhs
mkhs's picture

Not enough? 

Tue, 07/01/2014 - 14:44 | 4914611 Oldballplayer
Oldballplayer's picture

I have one.  My kids got it for me for fathers day.  I put it on the helmet of my motorcycle for my cross country trip.  It is Ok.  Editing the video is going to be a pain in the ass.

When I get home it will sit on my shelf until I can think of something else to stick it on.

I have video on my snapshot camera, my iphone, and my high end "professional" DSLR.

Did it increase in value 100% yesterday?  Not based on my videos.

Tue, 07/01/2014 - 16:57 | 4915127 Peanut Butter E...
Peanut Butter Engineer's picture

What's the point of
Go pro cameras???

Seriously I have those Chinese knock off cameras way before existence of Go Pro for outdoor use and they are great for those limited purpose and cheap unlike Go Pro, most likely a Chinese relabeled brand similar to magnet ball fiasco.

Go Pro May becoming Gobitcoin lol

Tue, 07/01/2014 - 12:42 | 4914183 LawsofPhysics
LawsofPhysics's picture

A simple "thank you" will suffice.

Tue, 07/01/2014 - 12:42 | 4914186 HUGE_Gamma
HUGE_Gamma's picture

"The brand name alone is worth three times that!"

Tue, 07/01/2014 - 13:20 | 4914319 CPL
CPL's picture

For those interested I have an IPO I'm working on it's called Pie plate on a stick.  It'll revolutionize the small gardening ecologically sound pest control segment overnight.  I've pushed the proposal to a cross section of important professionals while in aisle 3 at Canadian Tire, then assisted them to their cars with their product requisitions because the stuff they bought was heavy.  They, and I, all believe that it's worth a zillion billion dollars in Seed capital and the returns on the pie plate on a stick should exceed the world GDP yearly many times over.

ISO Adoption for Market Share:

Testing has been favourable during this planting season, small animals and birds were repelled by the awesome power of pie plate on a stick.  Only to be matched by it's durability and safety.  These conclusions of durability and safety are demonstrated of when the pie plate on a stick fell over during a gust of wind.  The pie plate on a stick neither exploded or removed anyone eye, plus could be set upright. 

These safety measures and processes are important prior to pie plate on a stick to obtain various ISO certifications to ship internationally into other markets.  This additionally requires international translation requirements to package to freight ports outside of the main shipment channels defined by BDI.

 

Marketing:

Consumer response and the science behind it, has helped shape the Pie Plate on a Stick marketing efforts.  The marketing by line will be:

Pie Plate on a Stick. It fucks with their rods and cones or some shit, and they stay out of the garden.

 

Packaging and Contents

As the copyright and trademark to Pie Plate on a Stick is still under going review, some of the more technical processes will be kept secret as to it's manufacturing.  So for the purposes of this IPO presentation it will simply be detailed instructions on the following:

  • how to buy a pie then eat it;
  • how to locate a stick;
  • attach some string to the pie plate;
  • attach some string to the stick;
  • ???
  • Pie Plate on a Stick

The complexity of the manufacturing in step five is the 'secret sauce', it is rumoured to be 'placing pie plate on a stick in the ground' but again the lawyers will have to work it out in no less than 84 ISO process and manufacturing review boards.  And of course the patent office. 

Some background on the professional lawyers hired for this process, they have been in the practice, and are very adapt at, of helping spend other people's time and money.  We have been assured they will help us spend other people's money as fast as possible much to the relief of the lawyers working for the investors.

Thank you, as a pre-post-shady announcement we will be having an over the top IPO party using your money to throw a party, as soon as you give it to us.  This helps in development efforts and community relationships Pie Plate on a Stick is hoping to focus on, therefore rocket boots, great hats and banana fudge sundaes will be given out.

Tue, 07/01/2014 - 14:17 | 4914535 Its_the_economy...
Its_the_economy_stupid's picture

"It fucks with their rods and cones or some shit"

 

"The complexity of the manufacturing in step five is the 'secret sauce', it is rumoured to be 'placing pie plate on a stick in the ground'"

 

That is some FUNNY s---.

Nice work. (and kudos for the occular anatomy reference).

Tue, 07/01/2014 - 12:44 | 4914189 JenkinsLane
JenkinsLane's picture

I have no idea what this company does, nor do I have the slightest interest in learning what this company does.

In fact, other than the fact that I am avoiding work for the moment, I wouldn't even bother writing a comment

about this company.

Tue, 07/01/2014 - 12:44 | 4914196 Death and Gravity
Death and Gravity's picture

Then don't.

Tue, 07/01/2014 - 12:46 | 4914203 Skateboarder
Skateboarder's picture

They make decent little cameras that you can mount them on helmets and get first-person footy, or you can use 'em like regular video cameras to film other people.

Take away point - they actually make something, unlike facefuck or twatter, which just make zombeez.

Tue, 07/01/2014 - 12:49 | 4914220 laomei
laomei's picture

They make nothing.  GoPro is made in china, once again, the only thing they "make" is marketing to sell overpriced garbage to idiots.

Tue, 07/01/2014 - 12:54 | 4914232 Skateboarder
Skateboarder's picture

iConcur.

Tue, 07/01/2014 - 12:55 | 4914244 Rainman
Rainman's picture

GoPro is an overhyped ' media platform ' scam .

http://seekingalpha.com/article/2295075-gopro-is-all-hype

Tue, 07/01/2014 - 13:19 | 4914325 NotApplicable
NotApplicable's picture

In other words, it's as solid of a business plan as one can get these days.

Just ask Dre.

Tue, 07/01/2014 - 14:32 | 4914579 Obchelli
Obchelli's picture
Boeing makes Planes and components for spaceships and many more but FaceShit has double of it's valuation so what is the point here? (it's just webpage for gods sake...) 
Tue, 07/01/2014 - 12:44 | 4914191 Dr. Engali
Dr. Engali's picture

Here we go again.

Tue, 07/01/2014 - 12:45 | 4914197 replaceme
replaceme's picture

He's much better than the other camera on a stick guy, I can see why he drove them out of business.

Tue, 07/01/2014 - 12:46 | 4914202 replaceme
replaceme's picture

Just curious - their sales are down like 80% from last year, right?  Or is it sales growth, I forget.  

Tue, 07/01/2014 - 12:47 | 4914207 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

This is getting silly. Between this and NFLX, I am just shaking my head....

Just noticed that platinum is back above 1500---last time for that was the late summer of 2013. 

Tue, 07/01/2014 - 12:55 | 4914243 shitco.in
shitco.in's picture

Keep an eye on palladium too. 

Tue, 07/01/2014 - 12:48 | 4914208 Leveraged Algorithm
Leveraged Algorithm's picture

Each SEC porn official needs one surgically anchored to their forehead pointing down.....

Tue, 07/01/2014 - 12:48 | 4914211 timeless21
timeless21's picture

That is the difference when you IPO something VIRTUAL  and something REAL.

Tue, 07/01/2014 - 12:48 | 4914216 Bill of Rights
Tue, 07/01/2014 - 12:53 | 4914224 Frank N. Beans
Frank N. Beans's picture

so this is basically a camera that attaches to your head. 

like you can't just tape your old one on? 

Tue, 07/01/2014 - 12:54 | 4914230 khakuda
khakuda's picture

Froth?  What froth?

Inflation?  What inflation?  It's just noise.

Bubble?  What bubble?  Valuations in a normal range.

Nothing to see here, move along.

Tue, 07/01/2014 - 12:54 | 4914231 Soul Glow
Soul Glow's picture

I bet Janet is buying stock options and filming herself walking around the Eccles Building.

Tue, 07/01/2014 - 12:57 | 4914246 khakuda
khakuda's picture

Yes, with a Gopro cam mounted on her as of yet unscathed crash helmet...

Tue, 07/01/2014 - 12:54 | 4914233 TN Jed
TN Jed's picture

GoFaux

Tue, 07/01/2014 - 12:54 | 4914234 firstdivision
firstdivision's picture

The global CB's need to buy something.

Tue, 07/01/2014 - 12:55 | 4914241 monopoly
monopoly's picture

How did I manage to spend all these decades on this planet without a GoPro camera. Gotta have one, right. This is all beyond the twilight zone. Absurd.

Tue, 07/01/2014 - 12:57 | 4914252 khakuda
khakuda's picture

No, it's just the late 1990s on the largest amount of Fed steroids in history.

Tue, 07/01/2014 - 12:56 | 4914248 ToNYC
ToNYC's picture

A Tulip on a Stick would make a movie just as much worth watching.

Tue, 07/01/2014 - 12:59 | 4914254 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

My GoPro summary: It's for kids (or adults who are still stuck as kids) taping their exploits, or used by cyclists who want evidence to use against motorists, when they are in an accident. The latter use is the one which actually makes some sense to me. But it's just some electronic crap filling a very narrow niche. 

But what do I know? I've been wrong about this market for the past year. 

Tue, 07/01/2014 - 13:23 | 4914335 NotApplicable
NotApplicable's picture

As I noted upthread, it sure makes militant cyclists more militant.

Tue, 07/01/2014 - 12:58 | 4914258 ifishivote
ifishivote's picture

I have the Gopro 3 hero.. it sucks. Just go online and search for Gopro 3 and you will be shock at how many people say they will never buy another one. It has a huge problem charging the battery

Tue, 07/01/2014 - 13:01 | 4914265 lasvegaspersona
lasvegaspersona's picture

At least GoPro has a product people like and use. I have one and am eyeballing the new $400 model. The financials don't matter anymore so the stock should go 'to da moon' based on the concept that...hey...they're great!!...which is a step up from Pets.com

Tue, 07/01/2014 - 13:01 | 4914266 TabakLover
TabakLover's picture

Is this thing in the Dow already?  Dow up 5 straight hours.  Went back to May 1 and could not find that happening.

Tue, 07/01/2014 - 13:02 | 4914268 youngman
youngman's picture

I am sure everyone wants to watch ME do things....dont you????

Tue, 07/01/2014 - 13:06 | 4914280 Skateboarder
Skateboarder's picture

It's all about you!... theoretically, of course. ;-)

Tue, 07/01/2014 - 13:09 | 4914289 alien-IQ
alien-IQ's picture

The entire market seems to be celebrating it's independence from reality.

 

It looks like the DOW will break 17k any minute now...what the fuck man...seriously...what the fuck....

Tue, 07/01/2014 - 13:17 | 4914312 khakuda
khakuda's picture

It's actually the Fed that is celebrating its independence from reality.  They are the ones that have caused the bubbles.  They are the man behind the curtain.

When market sentiment changes, these levels of gotta be in it euphoria reverse quickly and panic ensues.  The Fed long ago should  have leaned into this, but it's too late now.

Tue, 07/01/2014 - 13:26 | 4914290 ToNYC
ToNYC's picture

Wear a Go-Pro and wi-fi hotspot your scope and dope up to the googlestar. It's all good and they'll find you your way home, too...on the new Digital Plantation where you are the cotton, and pick yourselves the cartoons that pacify your human racing along to self-absorbed glorification.

Tue, 07/01/2014 - 13:14 | 4914305 roadlust
roadlust's picture

One of the best shorts since Gold at 1800. 

Even easier than TWTR at 70. 

Think Pet Rock.

Tue, 07/01/2014 - 13:15 | 4914310 Lastline
Lastline's picture

When the bubble pops they'll be Go-Pro'ing themselves off the rooftops

Tue, 07/01/2014 - 13:17 | 4914318 SillyWabbits
SillyWabbits's picture

GoPro should be a mandatory accessory for all suicide bankers.

If you're gonna leap ... GoPro!

Then go long YouTube.

 

Tue, 07/01/2014 - 13:29 | 4914363 TrulyStupid
TrulyStupid's picture

Just think... if every second person has a gopro and its on 8 hours a day then Facebook can record everyone's facial expression from on average a couple of different angles and we'll alll be more "secure".  Better pony up for more FB shares as well.

Looks like we may need a bigger data centre though.

Tue, 07/01/2014 - 13:36 | 4914413 orangegeek
orangegeek's picture

When I see something like this, it makes me want to kick Yellen in the nuts.

Tue, 07/01/2014 - 14:08 | 4914518 Duke Dog
Duke Dog's picture

LMFAO - thanks!

Tue, 07/01/2014 - 13:44 | 4914439 ConManipulation
ConManipulation's picture

GoPro is friggen awesome...might actually be worth buying.  I have looked at ZERO numbers, and am not basing this on any analysis; I am just saying that it's an awesome camera, and I can see it succeeding as a product for a very long time...

Tue, 07/01/2014 - 13:45 | 4914445 Bunga Bunga
Bunga Bunga's picture

What a great surveillance tool, Google?

Tue, 07/01/2014 - 13:59 | 4914494 qazwsx
qazwsx's picture

GPRO is great! I've been using it on my adventures in Thailand. Real product with a real earnings, I'd rather own this than any social media peice of shit like TWTR. All this money piling in so fast will just make for a bigger drop, and thats when I'll start a position. Would not touch it at these current levels. 

Tue, 07/01/2014 - 14:02 | 4914503 Ghostdog
Ghostdog's picture

They are lucky a phone will never be able to do the stuff they do.......................

Tue, 07/01/2014 - 14:15 | 4914528 Duc888
Duc888's picture

ifishivote: I have the Gopro 3 hero.. it sucks. Just go online and search for Gopro 3 and you will be shock at how many people say they will never buy another one. It has a huge problem charging the battery.

 

I have the original "hero" HD.  Great product., no issue with the batteries and works fantastic. 

Tue, 07/01/2014 - 14:22 | 4914551 syntaxterror
syntaxterror's picture

Remember that one touch personal video recorder company that Cisco bought several years ago?

Who needs GoPro with google glass and other options out there?

Tue, 07/01/2014 - 14:45 | 4914616 rosiescenario
rosiescenario's picture

GoPro's success in their market space is more a testimonial to the other digital camera companies being asleep at the switch. These little GoPro's have been around for a few years and I see them everywhere from scuba to biking....but their optical performance is pretty poor. They are just a digital camera in a waterproof housing that has many attachment features.....nothing protectable here.

 

The GoPro is pretty mediocre and you know that Sony, Canon, and others are all going to be launching GoPro killers that will have better imaging.

Tue, 07/01/2014 - 14:58 | 4914685 falardea
falardea's picture

Are their sales driven entirely by drone enthusiasts and cop-block members?

Tue, 07/01/2014 - 15:06 | 4914726 rosiescenario
rosiescenario's picture

They are popular with mountain bikers and with scuba divers, though they are limited to only 130' which makes them marginal for that use. They are cheap, so if you destrot one it is no big deal....they would be very easy to duplicate.

Tue, 07/01/2014 - 16:38 | 4915076 fishwharf
fishwharf's picture

Hey everyone!  Look at me.  Check out my Facebook page and Twitter thingy to see all the gnarly things I'm doing.  Ain't I cool.  Aren't you jealous?

Tue, 07/01/2014 - 17:02 | 4915144 BigInJapan
BigInJapan's picture

Shit on it all you want, but I bet the fucker doubles again within a month.

Tue, 07/01/2014 - 18:17 | 4915401 ThirdCoastSurfer
ThirdCoastSurfer's picture

Create a stock with 100 million shares of which you control 42%, release only 12 million for trading, thus creating a market cap of $2.4 billion and watch it grow to $4.8 billion based not on 100 million shares of float, but 12 million. Since you own 42 million shares, go ahead and short 4 million shares (for which you get paid in advance). You're down $100 million on paper, but your up $1 billion (with a zero cost basis) and when the stock starts to slip (hopefully after a year when LTCG kicks in) you can start to sell both, thus adding to the float while at the same time providing a floor. 

Tue, 07/01/2014 - 21:54 | 4916204 SweetDoug
SweetDoug's picture

'

'

'

So GoPro wants to go into the video business? Right beside YouTube and the rest of them?

 

Really.

 

And I want to watch your shitty home movies, like the way you want to watch mine?

 

Not.

 

Loved O'Leary's comments on CNBC today… it won't touch the wall when it goes down.

 

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