Fitbit (FIT) reported rather dismal Q1 2017 metrics last week, but even so shares of FIT rose sharply. Why you might ask? As I mentioned in the article Fitbit Retrenches: The Bottoming Phase For A Hardware Company, FIT shares were already expressing a valuation that assumed the worst for the company, trading near book value. “Shares of FIT likely won’t appreciate…
Tags: FIT FitBitFitbit’ Q1 2017 Results Highlight Inventory And Average Selling Price Reductions
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