Tuesday, February 27, 2018

Fitbit: More Gamble Than Trouble

Fitbit has a pristine balance sheet to help the wearables company navigate a developing sector.
The company bought the correct technologies to advance product development, but has failed to correctly integrate the assets.
The opportunity still exists to grow on several fronts, making the stock a speculative buy on the Q4 induced weakness.
My investment thesis on Fitbit (FIT) has long held that the stock was a worth a gamble around $5 do to the option to benefit from the potential in the wearables market. Based on 2018 guidance, the stock remains a solid gamble and far from trouble.
Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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