Jim Cramer Discusses Why it's Hard to Value a Company Like GoPro
GoPro introduces a new drone, but Jim Cramer isn't rushing out to buy the stock.
GoPro (GPRO) - Get Report has launched several new products as it tries to boost its business, but Jim Cramer isn't overly impressed. He called GoPro a cult stock and says it's simply too talked about, like Fitbit (FIT) - Get Report and Twitter (TWTR) - Get Report . He said the companies are hard to value because their valuations are based on something that's in the pipeline, that may or not be great.
