$25 is too low. 30-40 range is more like it. something in the 40-50 range would be better. but because of where the stock is trading it would be tough.
I think it would have been bought out by now but for Park. from time to time we hear rumors about nike being interested in buying out fitbit. my guess is there are a lot companies out there who would love to buy fitbit. since Park is not cutting it with dismal stock performance quarter after quarter (it has been 4 quarters now), he should sell it off.
a freaky nutcase who calls himself an analyst at an outfit called global equities research. just shoots his mouth off with whatever comes to his mind with no real analysis.
all 4 earnings so far the stock tanked after earnings. why these f**ks go public if they don't care about shareholders is beyond me. just stay private. fitbit board needs to fire this stupid loser CEO and put a guy in who cares about shareholders, understands wall street, rolls out products in a timely manner, etc. park is not gonna cut it. sooner the idiotic fitbit board realizes the better. or they should just sell the company. with park as ceo, the PPS is just gonna suck.
SolarCity to Work with Whole Foods Market to Install Solar Power Systems Across the U.S.
SAN MATEO, Calif. and AUSTIN, Texas, March 8, 2016 /PRNewswire/ -- SolarCity (NASDAQ: SCTY) and Whole Foods Market, Inc. (NASDAQ: WFM) are proud to announce a plan to install solar power systems on locations across the United States. The plan aims to increase the production of solar power and offset some need for traditional grid power while helping Whole Foods Market (WFM) save money.
In total, WFM plans to retrofit up to 100 stores with rooftop solar. SolarCity, America's #1 solar power provider, will deliver solar power services for many stores across the Whole Foods Market portfolio, in locations such as Connecticut, New Jersey and New York. SolarCity will custom design each solar power system to maximize the amount of grid power offset and expects to begin installation this spring. WFM will also save money with the new solar installations by purchasing power from SolarCity at a discount to current electricity costs, locking in low solar energy rates for years into the future. Once completed, these solar power systems are expected to place Whole Foods Market within the top 25 corporate solar users in the nation.
news feed on my brokerage firm. also, google solar city on elon musk buyout rumors
from news feed:
Hearing Unconfirmed Market Chatter Elon Musk Will Acquire Solar City
Last update: 03/03/2016 10:02:01 am
in general, this oil thing has become a joke. everybody is just sick and tired of oil trade affecting equity markets. ws is just using it as a proxy to manipulate equity trading. how can it be that few years ago when oil was at peak equities were down like this and oil is low, still affects equities. doesn't make sense. yeah, ws and the media keeps pushing the theory that it affects oil companies blah, blah, blah, so that they can manipulate the markets.
sandbagging is a bad practice. lnkd always does it and look what happened to it. after the horrendous beating fit took in just a few weeks, the last thing on park's mind should be sandbagging the quarter. when you sandbag the stock goes nowhere, gets beaten down every qtr. on the basis that earnings are good but outlook is bad. he screwed up royally last qtr by announcing secondary on a day of blowout earnings and guidance. you cant get more stupid than that.
park doesnt understand ws and is a really bad and stupid ceo. there is no two ways about it. his thinking about not caring about the short term and focusing on the long term is not gonna go anywhere with the stock price. the company might make good money and all but is not gonna do diddly to the stock price.
dude, if you got that from the marketwatch article, that is flat out false. full year guidance is above street estimate - 2.40b-2.5b vs 2.42b street estimate.
that is a huge deal. accelerated approval requested by april (good and big news for both scty and tsla especially scty) so that it is all up and running by end of 2016.
that secondary announcement on q3 earnings was a major major screw up. stock would have hit the 60s easily at that time with blockbuster earnings and guidance. they should have just let the lockup expire mid-December or announced the secondary close to the lockup expiry.
as I have said many times before on this board, park might be good at a lot of things but he is not a good ceo. when you are a public company you work for the shareholders not for yourself. unfortunately, that is not been the case with fit and many other companies like gpro, etc. mgmt. lines up their pockets first.
a lot of the companies and ceos can learn a lot from elon musk including manufacturing in the US and keeping the jobs in US.
- 80000-90000 deliveries for 2016
- significantly increasing model X production throughout the balance of the qtr
- throughout the rest of 2016, automotive gross margin should continue to increase, helped by cost reductions for model S and improving margin on model X as manufacturing efficiency improves for that vehicle. by year-end, model S gross margin should begin to approach 30% and model X gross margin should be about 25%, with continued improvement for model X in 2017
- net cash flow positive in 2016
- expects to be profitable for the full year on non-gaap basis, with gaap profitability expected in q4
- powerwall already showing positive gross margin
- model X production expected to hit 1000/week in q2
- model 3 on schedule to be unveiled march 31
- no plans to tap into new debt to fund continued expansion, use existing resources
- plan to invest in equipment to support cell production at the gigafactory, begin installation of model 3 vehicle production machinery, open about 80 retail locations and service centers, and energize about 300 new supercharger locations.
- chip pioneer jim keller has joined company, which could signal development of own microprocessors. helped design early ARM and apple chips
- on whispers of declining demand, elon says they basically have to dissuade potential buyers because demand is so dang high
- bulk of expenses with model X was in 2015. for this year, expenses are model 3, gigafactory, and service centers, but worse is over, wheeler says
- gross margins for the X and S will converge around 30% in the long run, elon says
- “i feel very good about things right now. the last several months have been excruciating, but I think we are through the worse at this point,” elon says