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Technology Stocks : FITBIT - tell us about your device -- Ignore unavailable to you. Want to Upgrade?


To: more100 who wrote (40)1/31/2017 9:26:12 AM
From: learnEachDay  Respond to of 45
 
Watch this fitbit stock explode upward after their next earnings report late February. I have been tracking their sales on Amazon and eBay.

Did you now? It's not like I paid any attention to this, or much of any comment I read here, unless it has a link to something verifiable, but still...

That said, even after a tough quarter FitBit is going to have well over $1 per share in cash.

Most Recent Balance Sheet Cash - $100M FCF / 171M shares

and double to triple that in marketable securities. So a tough quarter or two? Yes, but reports of the end being nigh seem overdone.

It's just picked up some excellent talent from Pebble and now Vector on the cheap. FitBit has the marketing channels, which is what those two lacked. My guess is that a new smart watch product later this year will wow and signal a return to growth.