Fitbit

[vanzandt]

This actually might not be a bad deal with some fun money.
You can buy the Jan 2018 $4 calls right now for $1.74.

Fitbit has no debt, enterprise value of 500M, .65 price/sales... and they have experience working with the FDA and healthcare providers.

AAPL is trying to get into the wearable diabetes monitors.... and they are in the buying mode. Fit looks cheap.

.... ya never know.
I think its a safe roll of the bones.
$5.44 as I type.

Of course I didn't buy any of these.
If it hits $7.50 this week; that would make these a double.
Closed at $6.96 Friday.
The FDA announced Tuesday that Fitbit was one of nine companies chosen for its “digital health software pre-certification” program.... https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm577480.htm
I think somebody's gonna buy em.
Lots of large call purchases lately too.
I would not be short Fitbit, as tempting as it may seem up here after the recent run.
My guess is... the show is about to start.
Its about time too.

 

[victorycountry]

Of course I didn't buy any of these.
If it hits $7.50 this week; that would make these a double.
Closed at $6.96 Friday.
The FDA announced Tuesday that Fitbit was one of nine companies chosen for its “digital health software pre-certification” program.... https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm577480.htm
I think somebody's gonna buy em.
Lots of large call purchases lately too.
I would not be short Fitbit, as tempting as it may seem up here after the recent run.
My guess is... the show is about to start.
Its about time too.

Have you checked their most recent sales growth ?? I have just quickly skimmed through their income statement. Their gross income has risen but their net income is still loss although it's smaller than that of previous report.

A decrease in total asset but an increase in gross income show some positive move. Indeed, that indicates higher asset turnover. But it's still early to call imho until they generate positive net income

I will only purchase their product only and if only they produce smart-mirror lol

 

[vanzandt]

Have you checked their most recent sales growth ?? I have just quickly skimmed through their income statement. Their gross income has risen but their net income is still loss although it's smaller than that of previous report.

A decrease in total asset but an increase in gross income show some positive move. Indeed, that indicates higher asset turnover. But it's still early to call imho until they generate positive net income

I will only purchase their product only and if only they produce smart-mirror lol

Yeah I know they suck.
But never underestimate the power of false perception. It moves stocks too.