FitBit products only collect a few months worth of data? This is news to me. I'm fairly certain their mission statement isn't to "affect your health overnight" though.
Data from a FitBit-like device would be in demand from health researchers. Currently they rely on self-reported data from patients, which as you might imagine is very unreliable. For one thing people will exaggerate, both over and under. But also there is much day-to-day variation in what people do and eat. Currently health researchers use a single point estimate when analyzing activity. If you fill out a questionnaire and say you work out 30-45 minutes a day, then the researchers will use that response and extrapolate it for a whole year, or the last 5 years, etc. So a device that is always tracking your activity, and knows how much activity you have before bed/after meals, can allow richer analysis for health researchers. Did FitBit say they were doing anything else, like tracking eating habits? Diet is part of the equation in fitness.
Until FIT broadens the scope of its product line, its doubtful investors will ever pay a premium for the stock. Based on the CC, that won't come until at least 2017. New features to existing products will be offered in September, but that won't be enough to move the needle. With ASP of $99 in Q2 vs. ASP of $88 in Q1, $760M in cash and an estimate of $2.5B - $2.6B in revenues for the FY, FIT is worth at least $3.5B. IF the company differentiates itself from other hardware companies and convince the street it is a developer of new technology that constantly pushes in Mhealth market, then and only then could we see a much higher multiple assigned.
I think that is one of the bigger opportunities the company can exploit in future years -- becoming the de facto biggest collector of health related data in the world. The company needs to forge new relationships with mega healthcare companies like an AET, UNH or STJ. Not just a partner that supplies the hardware their employees can use every now and then.
This was mentioned several times that most owners abandon their fitbits after several months. How does a device collect data on a user when it is in a closet drawer? I learned long ago to never believe a CEO, and instead believe results. You seem drawn to FIT and the future premise their CEO promises and that's fine too. Who knows, perhaps FIT will be a Top10 stock one day.
oh no doubt, i agree with you, i was just stating my opinion, whether my opinion is actually factual to the majority or not wasnt what i was trying to convey, i was stating how i felt about it personally because of what i personally witnessed and experienced. sometimes what you personally feel can keep you from "believing" in a stock or investing in it, and while that is probably a bad thing, there are so many stocks and opportunities out there, that i dont think it is a bad thing to only invest in what you believe in or feel is a good investment.
Glad I exited my position a couple weeks ago. FSLR got hammered yesterday on heavy volume, just looking at this now. breached intra-day the last low but managed to eek out a close at $0.02 above that level. Triple bottom? There's some gaps way up there at $66...
brystol myers failed a trial, down 17% premarket merk up 11% !! crazy such low volatile stocks making HUGE moves!
Yep, nice beat indeed. But, not too nice to convince the Fed to move on rates. Ride the bad news is good, good news is good while it lasts. On a unrelated note, does anyone know the longest stretch in history where the major averages haven't gone up or down by more than one percent in a single trading day?
whoa ... not sure if anyone has noticed but the nasdaq 100 is now a stone's throw reach from busting out thru those y2k tech bubble highs
