Like many in the hedge fund world, Barclays has “been struggling with GoPro’s valuation since early September,” according to a research note released by the bank today. As reported in previously, the GoPro Inc (NASDAQ:GPRO) initial public offering was termed “rich” by many insiders. Many had noted that GoPro Inc (NASDAQ:GPRO) marketed itself as a media company to obtain a higher value. (ValueWalk previously reported on a specific hedge fund shorting the stock based largely on this thesis.) Barclays on GoPro Inc (NASDAQ:GPRO) valuation The Barclays research note observed that GoPro investors must believe the firm is an extraordinary hardware company or they have…
Barclays "Struggling" With GoPro Valuation
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.