Rumor: Apple Wants GoPro

Nothing moves a stock quite like a rumor, especially a believable one.

The reason an Apple for GoPro rumor is so compelling is because it makes sense. Apple has more dollars (doll hairs) on their books then most developing nations combined. They also recently bought Beats by Dre—another piece of ‘wearable’ technology.

The valuation Apple gave Beats was the basis of my successful GoPro swing trade when it IPO’d. Simple napkin math puts the value of GPRO stock at $72. I think GoPro investors (bag holders) would be happy with a $59.95 buyout at this point. I would too.

GPRO is the lagging anchor on an otherwise dominant GARP portfolio since the June adjustment. It can propel the passive growth portfolio to greatness. TBD.