Tuesday, June 16, 2015

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. 



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