GoPro, Inc. GPRO has been one of the worst performers in 2016, without a doubt. A litany of problems some driven by market forces, others self-inflicted hurt the company, resulting in the stock losing 52% of its value during the course of the year. Currently, the stock is trading at $8.58, which is near its 52-week lows.
We have a Zacks Rank #2 (Buy) on the stock. Lets discuss the reasons why we believe this company is worthy of its rank.
Restructuring: Cost Streamlining & Job Cuts
Cost cutting has become one of the company’s top priorities and the action camera maker recently revealed plans to do so by cutting 270 jobs. The company also assured that it would bring down operating expenses by over $200 million and return to EBITDA profita…
Read the full article at: http://finance.yahoo.com/news/why-depressed-valuation-restructuring-gopro-135201245.html