Fitbit Inc fka FIT

[stupified777]

Exactly my thoughts. Since when is a profitable company that is still has healthy growth, dead? Or valued at 1x revenue? The market hasn't liked $FIT at all this year. They announce profitable, revenue growth and the stock goes down 30%. Hahaha I could see a few points for missing on earnings or the issues with potential slow holiday sales but come on...

I heard Cramers comments about Fitbit being dead this morning on tv and laughed. Its funny to me how much that man influences the market.
I understand some of the panic sell off but this is comical.

1X revs is not a fair valuation of this company and a suitor would never get it for that cheap. (Maybe 1.5 or 2.0x revs) If they were bleeding money with no revenue growth, I could see a 1x revenue sticker but not with profitability and continued sales.