If I understand snake correctly, he's being sarcastic, but you guys didn't get that.
I work out six days a week and can easily walk 4 mph, so you're preaching to the choir. however the average American, i.e. overweight, cannot possibly maintain that pace. you're talking about people who circle the parking lot for five minutes because they don't want to park in the back. who use the handicapped button to open the door at my office because it's too much physical exertion to open the door with their arm. who can't walk up one flight of stairs without being visibly winded.
I hope your stock picking is better than your math. It's already trading at 13x 2016 earnings.
Half the world's population but only a small percentage of them can afford to drop $200 on a Blaze. That will change over time as their wages continue to rise.
Chinese are getting fat too, due to eating our sh#$%ty food. now we can sell them FitBit to get them skinny again.
I think it would have dropped either way, coming off of a 50% run up in three months. If you're a long term investor, it doesn't really matter. Low 20's is probably a reasonable target for year end, assuming that the CFO's statements are correct. Estimates were about .46 for the first half and .67 for the second half. Assuming they beat the lowered Q2 guidance, earnings could be about .25 - .27 in the first half. So their claim is that they've transferred .20 of earnings ($50M) from first to second half. If they make good on their claim, the stock should do ok from here. If they don't hit second half estimates, the stock will probably get crushed.
when Bezos does the same thing, his stock goes up 10%.
“We’re going to be talking about this on the call in terms of investments we’re making to drive revenue growth in the second half. It’s completely controllable by us — investments we think make sense. It relates to further driving marketing activity to support the Blaze and Alta [Fitbit's latest watch and activity tracker]. Those products have gotten off to a great start…We want to invest ahead of that. We’re front loading engineering spend to drive innovation. It’s those two factors that are driving the linearity of earnings.”
Even still, they're going to have to make .40 in Q3 and .60 in Q4 to make full year estimate. That seems almost impossible.
That doesn't make any sense. They made .10 this qtr, they're going to make .10 next qtr, yet they confirmed 1.12-1.24 for the year. Those numbers just don't add up.
Remember, the stock has tanked three ER in a row. People tend to anticipate events based on past history. They say to themselves "Hey the stock is going is tank on Thursday, so I'll jump the gun and get out early." I've seen the same thing to the upside. People are so convinced that a stock is going to rally on earnings day that they all starting buying two or three days before earnings. It becomes a self fulfilling prophesy.
Holding through earnings scares the hell out of me, especially after the previous post earnings results, and after a 50+% run up. I could see it pulling back to the 50 dma before moving up again.
Was just reading an article about Type 1 diabetes. In 2005 the Continuous Glucose Monitor came to market. It requires that a slender filament be placed under the skin. The filament has an electrode that senses changes in conductivity due to glucose levels. However, the filament has to be replaced after a number of days. I wonder if a FitBit sensor could be designed that would be capable of measuring glucose levels.
Stock has tanked after every earnings release. I'm interested to see if that trend gets broken.
Fyi, I used to follow 3D Systems. I made some money on it when it rose from 10 to 95. It formed a classic H&S and tanked back to single digits. I happened to look at the stock the other day after someone issued an upgrade. It went from an intraday low of 6 in January to 19 yesterday. My point is that stocks that have fallen out of favor can have amazing reversals after bottoming out. FIT going from 12 to 30 in a short time is not out of the realm of possibility.