Shares of Fitbit Inc
FIT
are still hovering near their all-time lows. Trading at $7.37, the stock is very attractive to a takeover from any bigger player looking to up their game in fitness tracking. This could be an Apple Inc or another big player. Fitbit Inc is profitable and trading at a P/E of just 17 while the S&P 500 P/E is close to 30. This is an attractive buyout target. I am buying FIT at its dips, looking for significant upside.
FIT
are still hovering near their all-time lows. Trading at $7.37, the stock is very attractive to a takeover from any bigger player looking to up their game in fitness tracking. This could be an Apple Inc or another big player. Fitbit Inc is profitable and trading at a P/E of just 17 while the S&P 500 P/E is close to 30. This is an attractive buyout target. I am buying FIT at its dips, looking for significant upside.