The GoPro Turnaround Accelerates
Few companies have suffered 90% share price declines and managed to return to glory. It's no easy feat and often involves a complete transformation of their existing business model. Action camera leader GoPro (NASDAQ: GPRO) is in the midst of a powerful turnaround, evolving from a one-dimensional product to developing a growing subscription model that is a hit with customers.
With a growing direct-to-consumer business, improving gross margin, and over one million paid subscribers in the first quarter of 2021, investors have plenty to be excited about. GoPro has set up a great value creation opportunity going forward.
Image source: Getty Images.
Source Fool.com
