brooklin boatyard

c sprit banner

alibi side banner

lemon and line

fish fp 6 15

west system fp banner ad 1 15

velocitek banner 12 16

gmt banner ad

farr banner ad 8 1


vela banner 2 15

seascape banner

dry uv ad 2.png


hh banner green

pyi banner ad

smart 40

karver ad 1 14


GoAmateurGoPro has never been about technology, and in fact the now-ubiquitous (and longtime SA advertising) San Francisco-based product line never had the smallest, the lightest, the cheapest, the most convenient, or the best-looking camera on the market.  That’s what makes their marketing accomplishments more impressive, and make no mistake: GoPro is a marketing and branding company first, and a product second.  They market their asses off, and sell enough accessories that anyone in the world can use their cameras to record their passion.  We’ve enjoyed our relationship with the company, and we’re stoked to see that they filed their S-1 Statement on Monday in preparation for an Initial Public Offering some time in September or sooner, though this IPO has been rumored since at least 2012.

After working with with the company for years, would we buy any stock?  It’s a tough call in a business with tiny margins and almost guaranteed obsolescence; that being said, GoPro has solid numbers, an actual, physical product and distribution network, and has done a phenomenal job of diversifying its brand (becoming a content provider, streaming system, and social media juggernaut). The company has also spread its product amongst the most important people in extreme sports, and niche athletes are pretty reliable when it comes to brand loyalty.  In other words, even if a perfect GoPro killer emerged tomorrow, it would take gross incompetence and many moons to knock the industry leader off its pedestal.  Let’s say we’re ‘cautiously optimistic’.

Talk IPO and tech stocks in the thread here.


May 22nd, 2014

trogear ad

prostart banner ad

fish side 6 17

off center banner ad

ep sails

hancock better sailor

veloitek makai

rapido 60 ad

speedpuck banner

schwab tower ad 1 15

esse banner ad.png

whitecap fp ad

hh banner purple

predict 5 15

ewol banner ad

eelsnot banner 2

ocean rodeo drysuits

fish wind ad 10 20

front street ad 4 4

ullman 11 17