JOhn Scully was one of founders of misfit. He was Apple ceo from 1`983-1993 and grew revenue 10x....also former ceo of pepsi....Does Scully get a board seat with the misfit buy ?
I've been reading about Misfit, founder Sunny Vu and mechanical designer adam mack.....Vu is the software guy and he has gotten a device that syncs with apple and android. If we think about Fossil's traditional watches adding some of misfit's software you could end up with the best of both worlds. Misfit's Shine2 started shipping last month. .
Compability with the Misfit App:
iPhone® 4S/5/5C/5S/6/6 Plus
iPod® Touch 5
Shine 2 for iOS app is compatible with devices running iOS 7 and above and with Bluetooth 4.0 or later
Samsung Galaxy S® 4/5/6
Samsung Note® 3/4/5
Google Nexus 4/5/6
Android 4.3 BLE devices and above
Shine 2 for Android is compatible with devices running Android 4.3 (Jelly Bean) and above with Bluetooth 4.0/Bluetooth Smart.
I saw nothing in the earnings report that would make me buy this stock
the bottom is when it doesn't go lower than the preceeding 52 week low.....for companies that have debt and negative cash flow,,,,,the bottom may be zero