Alphabet Eyes Fitbit Acquisition and Apple Looks to Grow Smart Home Business https://www.morningbrew.com/emergin...uisition-apple-looks-grow-smart-home-business
This might be a poor question, but I am new to stock and I own a small mount of fitbit stock and I was wondering is it worth it to wait for the sale and get $7.35 per stock or sell my stock now and use that money to invest in other stocks. The difference would only be around 10 dollars if I sell it a 7.15. Thank you.
Personally, I'd sell because I feel like there's other stocks out there where I could get a better return. Not that the return on FIT is anything to sneeze at. It'll probably take at least 2 months to close the sale, could easily be quite a bit longer. Here's some hypotheticals to consider: a) If it only takes 4 months to close the sale, FIT could make you 20 cents or 3%. And that is close to 10% annualized (if you believe in annualizing this kind of return). b) It it takes 6 months to close the sale, that would be a little more than 6% annualized. c) What if the deal falls apart?
Everyone is different, but if it were me I would sell and look for another deal if the cap was twenty cents over months, like the devil said, "get a better return".
Google is acquiring Fitbit for $2.1 billion Just days after it was reported that Google was close to buying Fitbit, Google and Fitbit today confirmed the purchase: Google will pay $7.35 per share for the wearables company in an all-cash deal that values Fitbit at $2.1 billion. https://techcrunch.com/2019/11/01/google-is-acquiring-fitbit/
