Are Technology Stocks Due For a Correction

Invast Investment Committee

Invast Financial Services

Are Technology Stocks Due For a Correction? - We recently spoke to ABC News Radio about the share price impact of Go-Pro. The company has seen a fall in its shares, following suggestions its product caused Michael Schumacher's horrible accident earlier this year. Go-Pro's market value before the incident was just below US$11bn. Go-Pro distributes and markets a range of mobile high definition cameras which have become popular for their mobility and ease of use. The US$11bn valuation before the news reports was the same as Australian listed Westfield Corporate (WFD). Westfield in comparison owns and operates more than 40 shopping malls across the USA and Europe with 7,488 retail outlets and 425 million shoppers each year. To read our full note and conclusion check out the original post at (VIEW LINK)


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