Cramer talking to all these nair-do-well companies.. Lets get FIT with BIT... Every Vampires dream... We need the blood of the youth to push our stock to the moon..... Go James we believe in your vision.
Now that is a rant... Send that one in to The Donald.... He might use that in the next Iowa Town Hall
The stock surged .50 in 30 seconds.... First time it has done this in a week.
If Under Armor wanted Fitbit they could buy them with petty cash... They are developing their own strategy... Much more likely that another competitor would want the #1 player in wearable fitness.... Nike would be a possibility
Washington, D.C. 20549
(Amendment No: )
(Name of Issuer)
(Title of Class of Securities)
December 31, 2015
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 33812L102
(1)Names of reporting persons. BlackRock, Inc.
(2) Check the appropriate box if a member of a group
(a) [ ]
(3) SEC use only
(4) Citizenship or place of organization
Number of shares beneficially owned by each reporting person with:
(5) Sole voting power
(6) Shared voting power
(7) Sole dispositive power
(8) Shared dispositive power
(9) Aggregate amount beneficially owned by each reporting person
(10) Check if the aggregate amount in Row (9) excludes certain shares
(11) Percent of class represented by amount in Row 9
I saw that they filed Reg 144 to increase their holding to 7.2% today... Good timing on their part.. Must have had their buddies pushing it down so they could grab some really cheap.... This stock is now trading at a PEG of less than .5
UA just announced their entry two weeks ago. More likely they would make an offer to buy fitbit at $35
This is positively not true... I just spoke with Investor Relations yesterday January 27, 2016 and they said they would be making the announcement very soon and would give up to two weeks notice... This was from the Investor Relations Department at Fitbit. 415-217-5869 They called back after I told them I was a shareholder and had left several messages.. The time of the call was 6:03 pm EST.
Money is available to anyone who can fog a mirror right now... Check your mailbox.. Every bank is offering credit at zero percent interest for 18 months... Cars at zero percent financing, Furniture at all box brand retailers at zero percent.. Wake up, we are still in the free money cycle... I have a buddy who just closed a 40 year mortgage at 3%.....Who ever thought they would see that.....
The growth stocks you are referring to like FB, Amazon, Google, Priceline, Paypal which are now all established large cap stocks have much lower growth rates at this point in their stock history. I responded with a thumbs up to your response because it was a cogent and coherent answer and one which offered a valid response. My simple point is The expected growth on Fitbit is much higher and the PEG is much lower.. Check out Yahoo Finance under key statistics for any of the stocks mentioned and compare them.....
I heard back from Investor Relations today and they informed me that they will be giving roughly two weeks notice before earnings and are close to releasing the date... Could not release date as it needs be be a public announcement.
What is amazing about the stock market killing any stock with a slight hint of growth is that we are in the lowest interest rate environment in history. Money is still essentially free to anyone who wants it.... Two more rate hikes over the next year would take us to 1%... Big Whoop!!!!. Didn't Microsoft, Cisco, Intel, Ebay, Google etc. etc. all grow in interest rate environments from 3% to 7%? This sell off is silly insane by any normal time period. If Fitbit shows revenues of anywhere near $1.00 which would be significantly below the average analyst consensus of $1.13 then we are currently trading at 16 time this years earnings.... This is a PEG rating of .5.. This is price divided by earning divided by growth... The current low growth rate on earnings is projected at 33% Any experienced investor knows that a PEG is why we invest in companies to begin with... Does every stock need to reach a current price to earnings of 5 to make people believe in the growth of the company or are people just overly scared by media perception. If you want to kill the shorts who have owned this stock for a year, tell everyone you know to buy a Fitbit product because they are awesome and then tell them to consider putting a portion of their investment in this company. There is a good chance they will rise in 2016 or might even be a takeover target for an Apple, Under Armour, or another tech company who wants to dominate the wearable fitness market. If Fitbit really does develop new products to monitor blood sugar Wow.
NEW YORK (TheStreet) -- Fitbit (FIT) shares are getting a boost, up 1.89% to $17.09 on Wednesday after Citigroup initiated coverage of the stock this morning with a "buy" rating and a $35 price target.
China's slowing economy has been putting pressure on the company, and adding to that is its recent launch of Blaze smartwatch that has been getting mixed reviews.
Despite these challenges, Citigroup remains optimistic, pointing out the company's "strong growth potential and cross border expansion."
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.
During the second half of 2016 a fitness product refresh should drive a product cycle, analysts said.
Overall, the firm noted Fitbit shares right now offer a favorable risk/reward ratio.
All of you posters are on the outside....The executives, by definition are on the inside.... All stocks are manipulated by the people on the inside.... For all you know they may want the stock cheaper short term, so that they can issue options at the low price to the new people who have come on board... They buy up shares and hold them in treasury... This is a chess game fellas, it ain't checkers...
Are you kidding.. The effect was taking the stock down 50% in two weeks..... The short sellers, Apple, and their cohorts looking to buy a great company at much cheaper prices.... The lawsuits have no merit... These are not medical devices.. They are sports devices... Do you hear any doctors saying that they are using them instead of stethoscopes? Wake up and learn about Wall Street... It takes no prisoners... You have to fight with the eye of the tiger to survive.. The current CEO better learn that or he will become food for the Lions, Tigers and Bears...
Me likes this type of optimism from the street.....They normally have a little bit of conversation with the company in regards to earnings... Just a little...
Should bode well for the #1 maker of wearable watches Fitbit in the industry... Just Sayin.
Small bids of 100 and 200 shares and then boom. huge selling...