Can GoPro Recover During the Holidays?
Let's be honest. Time is running out for GoPro (NASDAQ: GPRO) to regain the market's confidence and build a sustainable business.
Management has said that the holiday season is off to a smashing start, and 2019 should be a profitable year. Yet, GoPro's stock keeps falling, and at around $4 per share, there's not much further it can fall before joining the dreaded penny stock crowd.
2019 is a critical holiday season because if losses continue much longer, GoPro could run out of cash, barring some kind of infusion. GoPro can't afford a bad holiday season, and there is little time left to impress investors who may want to buy the stock.
Source Fool.com
