Is Fitbit going to come out with revised product for the Christmas season? New colors? Something to generate additional sales and keep up with the competitors? All insight is appreciated...
And the Band plays apps. It is somewhere between a smart watch and a fitness tracking band. I really want one to go with my Nokia phone.
This stock is not going up significantly until the volume increases. The run-up to earnings should be the catalyst. I expect PLUG to hit 2.80 prior to earnings. It may spike after earnings initially if earnings are good but it will be hard to stick above 3.00 unless earnings are tremendous.
The Microsoft tracker is much better than Fitbit. It has apps. It has golf swing tracking. It has a color screen. It has an Uber app! I am going to buy 20 Microsoft Bands for everyone!
I haven't seen the pre-order numbers but I am sure they will be huge! Maybe Amazon will order 300,000 devices for all of their staff. I love my Xbox. I love my Nokia Windows phone. Microsoft makes the best consumer products. Microsoft should come out with an electric car too.
There is no takeover plans in the near future. GE is not buying this company anytime soon.
This company does have a bright future though which is not accurately reflected in the share price.
And some companies have no Chinese markets exposure.
PLUG does not sell equipment to China. PLUG has minimal Chinese exposure.
The majority of PLUG's clients (Walmart, BMW, Honda, Krogers, Home Depot, etc.) have exposure to China as they buy their goods from China. If China slows down and the Chinese Renimbi becomes cheaper, these companies can buy their goods even cheaper from China. This will lead to increased US business and more need for PLUG's products.
The Chinese slowdown should not affect PLUG's sales and revenue.
I heard that PLUG is heading down to $1.81/share.
I will start to buy more very shortly. While I don't like buying stocks on their way down, this is an excellent value buy.
Their competitors are manufactured in China and will have lower production costs. This will hurt Fitbit's sales or profitability if they also lower prices to match.
At least FIT is held in US dollars so if you are living in a foreign country, your US dollars will be worth more. Unfortunately, so will the cost to buy US stocks
This will drive Fitbit's stock into the $35 territory. It makes all foreign dollars less valuable and FIT reports its earnings in USD. Once the Fed raises interest rates in September, FIT will sink.....
You should see some of the girls in NY. I obssess about shorts daily. Just when I think the shorts cannot get shorter, they do. They really hang it all out. Wow.