chongkim74

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  • Fitbit: Crushing Blow?  [View article]
    http://bit.ly/1OBc2dq
    Jan 6, 2016. 06:39 PM | Likes Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    The compelling case? Was he referring to the health box kit which includes sensor shoes, sensor earphone, sensor wrist band and sensor scale? It seems like an innovative set because of the earphone and shoes but for $400 as a set? We already have the synced scale, we already have the wrist band…Anyways, UA is a force to be reckoned with compared with other minor competitors out there…The logistic and customer data base and distribution and sales already set for FIT. UA is also good with distribution and sales and logistics..Dont know about customer data base as this is their first wearable trackable. For now, this is another speculation until UA has started its marketing campaign and start selling them…I do like their "open" software application on their website that allows other competitors app to be used with theirs...

    Heres the link for UA products for more info:
    http://cnet.co/1OAFIY8
    Jan 6, 2016. 02:10 PM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Not long...but not a sell at the panic button.
    Jan 6, 2016. 11:58 AM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Not saying I believe all of it..but it reinforces my due diligence to hold.
    Jan 6, 2016. 11:44 AM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    @courage If it was $38 when I had it, I would sell it too.
    Jan 6, 2016. 11:44 AM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Like 5 firm analyst are saying this is overdone.
    Jan 6, 2016. 11:42 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    I for one glad I didn't let go of this stock why u guys are yelling run for the hills!
    Jan 6, 2016. 11:41 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    I rather believe a reputable firm with accountability rather than a nobody...so please, prove me wrong. :)
    Jan 6, 2016. 11:41 AM | Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Ok courage why don't u state ur case?
    Jan 6, 2016. 11:40 AM | 1 Like Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Thank u...this makes sense.
    Jan 6, 2016. 11:35 AM | 1 Like Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Fitbit Inc (NYSE: FIT) shares have declined 42.52 percent over the past six months, dropping almost to their 52 week low on January 5, at $24.30. Robert S. Peck of SunTrust Robinson Humphrey has reiterated a Buy rating and price target of $48 on the company. Peck believes that the 18 percent decline in the share price on January 5, driven by several investor concerns, was overdone. Analyst Robert Peck explained that the stock declined on investor concerns related to satisfaction with the launch of the new smartwatch, Blaze, increasing competition, absence of any potential positive pre-announcement for 4Q, the share lock up expiration in February and the class action lawsuit related to alleged fraudulent marketing of devices. According to the SunTrust report, "The stock's ~18% decline eviscerated ~$1.4B of market cap value on 5x the average trading volume. We think that even if the market were disappointed with the ultimate demand potential of the new product, that the sell off was overdone." Peck mentioned that even if one assumed that Fitbit had pre-committed inventory risks of 3 million units, at a cost of about $90 per unit, it would imply a risk of about $250 million. If there was any marketing and/or re-tooling commitment, it would add only up to a potential risk of $300 million. "While we acknowledge that the competition announcements and lock up expiration add risk value, we think the almost additional $1B of value destruction on top of this worst case scenario was overdone," Peck stated.
    Jan 6, 2016. 11:31 AM | 2 Likes Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Fitbit Inc (NYSE: FIT) shares have declined 42.52 percent over the past six months, dropping almost to their 52 week low on January 5, at $24.30. Robert S. Peck of SunTrust Robinson Humphrey has reiterated a Buy rating and price target of $48 on the company. Peck believes that the 18 percent decline in the share price on January 5, driven by several investor concerns, was overdone. Analyst Robert Peck explained that the stock declined on investor concerns related to satisfaction with the launch of the new smartwatch, Blaze, increasing competition, absence of any potential positive pre-announcement for 4Q, the share lock up expiration in February and the class action lawsuit related to alleged fraudulent marketing of devices. According to the SunTrust report, "The stock's ~18% decline eviscerated ~$1.4B of market cap value on 5x the average trading volume. We think that even if the market were disappointed with the ultimate demand potential of the new product, that the sell off was overdone." Peck mentioned that even if one assumed that Fitbit had pre-committed inventory risks of 3 million units, at a cost of about $90 per unit, it would imply a risk of about $250 million. If there was any marketing and/or re-tooling commitment, it would add only up to a potential risk of $300 million. "While we acknowledge that the competition announcements and lock up expiration add risk value, we think the almost additional $1B of value destruction on top of this worst case scenario was overdone," Peck stated. Acquire Media
    Jan 6, 2016. 11:30 AM | Likes Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Yes…apple watch did take market share here. Fit is still #1 in the USA…not saying much as this type of saturated market, it could change over night. Looking forward to the earnings call.
    Jan 6, 2016. 10:15 AM | 1 Like Like |Link to Comment
  • Fitbit: The Importance Of Appropriate Analytics For Non-Essential Goods  [View article]
    Barclay and Morgan recommends a buying opportunity for FIT today morning
    Jan 6, 2016. 09:50 AM | 1 Like Like |Link to Comment
  • Fitbit: Crushing Blow?  [View article]
    Barclay and Morgan recommends a buying opportunity for FIT today morning...
    Jan 6, 2016. 09:49 AM | 2 Likes Like |Link to Comment
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