Replies to post #1238 on Fitbit Inc fka FIT

[Goku83]

Can anyone please explain to me why this is trading at.....

Price/Sales (TTM)0.64x
Price/Book (MRQ)1.39x

?????????????????????????????

Yes, they missed on earnings, but come on! This makes no sense. I'm going all in!! With 700M in cash and revenues of 500M, this is a no brainer. Wish me luck! I'm about to buy a boat load!!

[bar1080]

Lots of cash from Christmas Q BUT lots of payables due soon. There's nothing compelling about FIT's balance sheet. If they have so much free cash why aren't they paying a dividend????

https://finance.yahoo.com/quote/FIT/financials?p=FIT