Whether you are a selfie fan, or hater, GoPro Inc (NASDAQ:GPRO) presents an interesting opportunity for you to cash in on one of the most popular ways of capturing images nowadays. On Fox Business, Charles Payne drew the attention of his audience to the adventure camera manufacturer, something that he confessed he may be a little late to do so.
GoPro Inc (NASDAQ:GPRO)’s selfie stick was the main thing that he just couldn’t take his mind off. It could perhaps be one of the stunning videos that GoPro users are able to film, or even a collection of selfies that they put up in a video with breath taking views in the background.
“[…] I got to tell you something, one of the things that shifted me was that selfie stick. I mean it’s extreme, it kind of hits a jump in the shark, but it also underscores the fact that this is going to be a major seller this Christmas season. Now the wildcard for me is that online. What are they going to do? They have so much amazing content. There is going to be some huge money made there as well […],” remarked Payne.
The reason why Payne saw this an opportune moment to add some GoPro Inc (NASDAQ:GPRO) stocks in portfolio is due to the recent slight pull back seen in the stock price. However, the stock was up about 3.5% at the closing bell of the last trading day and stood at $79.15.
Even though GoPro Inc (NASDAQ:GPRO) is selling at a particularly high forward earnings multiple of 64.35, but the FBN team believed that it’s a high margin business and that is what justifies the price right now. Moreover, Christmas sales could also bundle in a nice Earnings surprise for the next quarter as well.
Furthermore, there is also the significant possibility of cashing in from the content business for GoPro Inc (NASDAQ:GPRO) going forward, as Payne mentioned.
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