When a stock loses more than 90% of its value, it's a clear indication that the market is concerned about structural problems with the underlying business. That has certainly been the case for GoPro (NASDAQ: GPRO), whose stock reached an all-time high of $93.85 in 2014 before steadily declining by 96% to just $3.18 a share today.

GoPro makes industry-leading action cameras, but they are a niche product and the company has struggled to maintain consistent sales growth. Unfortunately, the company has long been a one-trick pony. But that is quickly changing.

While most investors look at GoPro stock as a wasted investment, I'm going to make the case for buying it based on two things:

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Source Fool.com