Quote:
Originally Posted by ErikLS2
Great article Greg, not that I have a crystal ball but this is why I resisted temptation to get in on GoPro. Plus, Consumer Reports rated a little JVC, that had an LCD and could be dunked under water without being in a case, higher than the GoPro.
I've always liked the saying "If you want to achieve something, find someone who's achieved it and do what they did". Well, we can't really invest like Carl Icahn (probably even you Greg), but I still like this article on him. 27% annually over 52 years is pretty good by any measure.
http://www.forbes.com/sites/greatspe...re-carl-icahn/ |
The only reason I posted that on GoPro was because I found the SPEED with which competitors are coming into the space is what floored me. GoPro will still be "THE NAME" in the business. I personally have three other "track day" cameras and I call them all GoPro's. LOL
Competition does NOT mean the stock won't do well.... and competition can spur bigger and better marketing... more consumer awareness... more retailers to get their eyes opened and stock/carry the category etc. So competition by itself is not a bad thing.
Carl Ichan is a genius... His latest is the split of PayPal from eBay. A move the company SHOULD HAVE done on it's own. I wish my total net worth was what he makes per day. LOL