IB Net Payout Yields Model

FitBit: Another Pricey IPO?

  • FitBit upped the IPO price range to $17 to $19.
  • The integrated fitness tracking company is producing explosive growth and strong profits.
  • The IPO is a no brainer buy, but investors should tread lightly if the stock surges beyond $30.
The upcoming IPO of FitBit (Pending:FIT) is intriguing, yet scary at the same time. The fitness device and tracking company has a commanding market share in the developing market segment, but the company faces extreme competition from tech giants including the recent launch of the Apple (NASDAQ:AAPL) Watch.

Read the full article at Seeking Alpha.

Disclosure: Long AAPL. Please review the disclaimer page for more details. 


Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

C3.ai: Out Of Steam (Rating Downgrade)

Archer Aviation: Promising Developments