Let there be no confusion -- buying a stock because you think the company is an acquisition target isn't investing. It's certainly not in line with our Foolish philosophy, which (among other things) suggests holding proven, quality brands for the long haul. All-or-nothing bets just aren't our thing.

Every once in a blue Moon, however, a potential buyout candidate just so happens to be one because the market appears to be undervaluing that company's brand, operation, and future prospects.

That's arguably where (NASDAQ: GPRO) is right now. The stock's miserable performance over the past decade may have wrung out the majority of its possible downside, and then some. The market may even be underestimating where the company could be within just a few years.

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Source Fool.com