Some food for thought...
This might still have some legs!
- Global drone market is expected to reach USD1bn in 2018 (Nomura).
- As a precedent, global action camera market in 2014 was worth USD20bn.
- Plenty of M&A Activity in Drone market in past 2 years with Google and Facebook ourchasing Titian and Ascenta respectively.
* Disclaimer I bought for the bounce intraday today and sold at close. Will take another look tomorrow.