Out Fox The $treet

Fitbit announces a major program with the Singapore Health Promotion Board. The deal has an initial value listed at $5 million with a CEO prediction that it would reach up to $120 million annually. The stock won't continue trading at a 0.15x EV/S multiple with substantial services revenue growth. The market is so negative on  Fitbit  ( FIT ) that a transitional deal with a foreign government only led to a 2% daily gain for the fitness tracking stock. The company remains in the process of shifting to a medical device and premium services company while the market completely ignores the move due to recent weak sales. My  investment thesis  remains very bullish on the stock due to the deep value and potential for services revenue growth that leads to multiple expansion. Read the full article on Seeking Alpha.  More commentary - Fitbit Relaunch Disclosure: Long FIT. Please read the disclaimer page for more details. 

As predicted here, Fitbit ( FIT ) was an easy purchase below $5 last year. The stock was insanely cheap with the cash balance and revenue stream. The move toward medical devices offered a huge upside catalyst.

The story surrounding Fitbit (FIT) remains one of getting the growing wearables market in tune with product development. The stock remains one worth the gamble after reviewing Q4 market data.

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.  

While the stock of Fitbit (FIT) has traded in the dumps for the last couple of years, The company has quietly acquired a lot of technology. In that regard, the fitness wearables company acquired Twine Health for the health coaching platform.

Fitbit tops the iOS app charts following an apparently blowout holiday sales. The stock saw a muted reaction reinforcing the insider sales and highlighting fears of a repeat of the GoPro year. The strong ecosystem makes the Fitbit story compelling, but the recommendation remains to wait until the holiday enthusiasm falls off. My previous investment research highlighted the concerns with insiders rushing to dump shares of Fitbit (NYSE: FIT ) prior to the promising holiday season. Activity-tracking devices were expected to be a top holiday gift so why would anybody want to sell shares at the lows following the June IPO? Read the full article at Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Fitbit prices the secondary offering at a substantially lower price. Fossil buys competition Misfit for a relatively small valuation. The founders of the sector companies are all dumping stock into weakness providing a clear warning sign on valuations. After a strong Q3 and promising guidance for the important shopping season, Fitbit (NYSE: FIT ) dropped a bomb on the market with a proposed large secondary offering. Not surprising, the stock plunged during a weak stock market heading into the offering. Read the full article on Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Fitbit registered a secondary offering of nearly 10% of the outstanding shares. The strong Q4 guidance apparently wasn't enough to entice insiders to delay share sales. Without a major balance sheet need, Fitbit is cashing in on what the company sees as an inflated stock price. After the market close, Fitbit (NYSE: FIT ) surprised the market with the revelation of an extremely large secondary offering. The fitness device maker produced exceptional Q3 results and has a solid balance sheet, raising questions on the reason for dumping so many shares by the company and selling shareholders. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Fitbit has soared this week on the bullish news of a new corporate customer. The stock has gained nearly $2.5 billion in valuation on a deal that has a maximum impact of $20 million in revenue. Investors need to pay attention to quality stocks and buy on dips and not after the stock soars. For investors wanting to get into the Fitbit (NYSE: FIT ) craze, the numerous stock drops toward the $30 level provided the ultimate entry point. With some good corporate news and bullish analyst coverage, the stock exploded higher this week providing another solid example of pouncing on dips of good stocks. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Fitbit completed a successful IPO last week. The stock has continued rising after the IPO following the path of GoPro. The market valuation of Fitbit and lack of scarcity value makes it unlikely that Fitbit follows the GoPro path to $100. The hot IPOs of the last couple of years generally fit into two categories: ones that soar on day one and peak and those that continue rising after the IPO to extreme levels. Either way, the stocks quickly obtain lofty valuations that make it difficult to own the stock going forward. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

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.