I agree with your sentiment. Wow, only 9 months ago, PSG was over $20. Even with the recent guide down, PSG is much better off then they were five years ago. And back then, PSG was a $5+ stock. They have some of the best brands (such as Bauer and Easton) and sports equipment. They are profitable. PSG could easily climb back to $10-15 on their own merits...or $20+ as a buyout. Usually, I'm wary of stocks under $5 (for fear that they may he heading to zero), but in the case of PSG, it sure seems like a safe bet. Minimal downside and much upside.
I feel bad for your losses and understand the desire to escape. Suicide is not the answer. Please make the best of what you have.
You are right on regarding the NEED for a waterproof device. FitBit reps have told me it can't be waterproof because of the hole for barometer/altimeter (used for tracking flights of stairs). So now they come out with Alta, a more stylish device without the altimeter, yet it is STILL NOT WATERPROOF. Crazy!!! You are right-on regarding what their product line SHOULD be. Everything should be WATERPROOF. Even a $30 MisFit is waterproof. Garmin has a $150 fitness band with HR that s waterproof to 50M (and it has an altimeter). There are pleny of cheap watches that are waterproof to 50M and even 100M. FitBit doesn't get it! Personally, I don't care about flights of stairs, but I do need a waterproof device. These devices are most useful when worn 24/7.
I know that feeling, and I too seem to get out just before a falling stock reverses momentum. For what it's worth, I'm sticking with FIT at least until it hits $30...or until it hits $0. It's crazy that a profitable tech company with great growth and no debt is trading below its IPO price. Back then, it was hype and hope. Now it's a successful company. Health & fitness tracking isn't a fad; it's a growing lifestyle and top brand.
And how realistic is it to do EVERYTHING on a smartwatch. The screen is way too small to be useful for most apps, thus people will still use their smartphones for non-fitness-tracking apps. It's ironic that Apple's smartphone really took-off when Apple went to larger screens. Now Apple (and others) seem like they want to make a tiny smartphone that you wear on your wrist. As a FIT shareholder, I'm biased, but I think FitBit has it right. Focus on fitness bands. If you think you need an everything watch, you don't; you'll typically use your smartphone. If you want jewelry, you'll wear a real watch.
I agree with your reasons for optimism. I was happy to start a position below $30, and I'm now literally all-in at avg price of ~ $26. Now, of course, I wish I had waited for $19 before buying. Long-term, this should be a winner. Profitable tech company. No debt. #1 in their market space. Fast-growing fitness-health market has room for FIT and competition to be successful. Good luck to all.
Instead of poo-pooing Blaze for not being the ultimate app-loaded smartwatch, consider it the ultimate fitness-tracker. For just $50 more than the Charge HR band, Blaze adds color touchscreen, connected GPS, and on-screen workouts. From that perspective, Blaze could/should be a homerun.
Can you summarize the counterpoints to the positives I listed? It seems the selloff is a big overreaction and has priced-in the worse-case negatives while ignoring the positives. Granted, I'm taking a beating, and I'm trying to comfort myself and other longs with the FitBit positives.
FitBit is profitable and has zero debt.
FitBit is the market leader in a fast-growing segment.
Wearable fitness market is still in early stages. Plenty of room for growth for FitBit and others.
One-trick pony? Not really. FitBit has a variety of fitness products from $60 to $250.
FitBit has great margins.
FitBit arguably has best-in-class fitness sensing, software, and network.
All of the above make FitBit an attractive takeover target for Apple, Samsung, Nike, or UA.
I see many people wearing FitBit and no watch (smartphones have replaced phones for many people).
I also see people wearing FitBit and regular watch (for those who wear watch as jewelry.
FitBit is the most accurate of wrist-based monitors. FitBit's own website acknowledges the inaccuracies of wrist-based HR reading DURING vigorous hand movements. In their ads, it seems like the HR readings are typically be looked at just AFTER the person gets off the treadmill, stops jumping rope, etc. At that point, the HR reading is accurate, and it's going to be about the same pulse rate as it was during the vigorous activity. Bottom line, the device is accurate for its intended purpose. It's not a replacement for EKGs or cardiologists. The lawsuit is mostly BS, but isn't that the case for almost all lawsuits? Just lawyers trying to get rich/er.
FitBit's own website acknowledges the inaccuracies of wrist-based HR reading during vigorous hand movements. I'm not sure what they portray in ads, but it seems like the HR readings are typically be looked at just AFTER the person gets off the treadmill, stops jumping rope. etc. At that point, the HR reading is accurate, and it's going to be about the same as it was during the vigorous activity. Bottom line, this lawsuit seems like BS, but isn't that the case for almost all lawsuits? Just lawyers trying to get rich/er.
This will be above $30 within a week. FitBit is a profitable, growing company and STILL the leader in fitness wearables. Blaze is intentionally not an app-bloated smartwatch...because non-fitness apps are typically interfaced via a smartphone (or tablet). Blaze is fitness-focused. Are the HR sensors 100% accurate? Of course not, but they are better than any other smarthwatch, even better than Apple (which costs much more and has 1/5 the batter life). FiTBit's HR monitor is way more convenient than wearing a chest strap. The class-action lawsuit is being reported as news, but is today the first time it's been mentioned?
Exactly. The shorts are trying to convince everyone that KMI is a Ponzi scheme. In fact, KMI owns real, valuable assets that are producing tremendous cash flow.
Considering the current yield is 10%, a cut to a 6% divvy might actually be positive news provided that such a move ensures their investment grade rating and restores Moody's outlook to neutral or better. This seems like a great buying opportunity. Although, I must admit, I thought $25 was the bottom.
Wouldn't the real insiders have known this was coming and sold their DEPO shares above $20, like yesterday or Wednesday? Personally, I like/own HZNP, but swapped some for DEPO today.
In the four months PRIOR to Horizon's takeover offer, DEPO was never below $20. DEPO ranged from $20 to $28. After the offer, DEPO got above $33. After just reporting good earnings and guidance, what is the thesis for DEPO to drop below $20. (Yes, clearly it's below $20 now...just wondering why and for how long.)
Don't get me wrong. I really like HZNP. Almost all of my holdings were in HZNP (and its still my largest holding). I didn't have any DEPO prior to today. If DEPO would have gone up today and/or HZNP gone down, I wouldn't have made the swap.