Should You Buy This Dirt-Cheap Growth Stock?
With share prices down by 89% from their all-time high of $94 in 2014, GoPro (NASDAQ: GPRO) stock has been a nightmare for long-term investors. The company has a weak economic moat because its cameras aren't well differentiated from smartphones and an army of copycat competitors. That said, GoPro is reworking its business model, and the pivot is already boosting profitability.
Is it time to bet on the stock's resurgence, or should investors wait for more quarters of data?
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Source Fool.com
