Cramer Does It Again: Camera-On-A-Stick Plunges Below IPO Price

Having soared to almost $100 – because it was a social media company – Camera-on-a-stick maker GoPro has collapsed 75% from its highs and broken back below its $24 IPO Price for the first time.. which is odd as in July, CNBC’s Jim Cramer said“Go Pro is heading higher… I know growth oriented money managers who would gladly pay as much as 60 times earnings for a company with these numbers. I think GoPro’s a bargain at these levels.”
As Cramer wrote July 22nd,

This post was published at Zero Hedge on 11/12/2015.