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It has been over three months since Google's ( GOOG )( GOOGL ) buyout offer of $7.35 for Fitbit ( FIT ) was announced . Since that time, FIT has traded in a bounded range from $6.50 - $7 per share. Given that the buyout price is $7.35 per share, the market is definitely pricing in risk that t...
Fitbit (NYSE: FIT), the leading global wearables brand, today announced that it expects to release results for its fourth quarter and full year 2019 on Thursday, February 20, after market close. Due to the pending merger with Google, Fitbit does not plan to host an earnings conference call....
Arbs are having a hard time figuring out how to play Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and its pending acquisition of wearables pioneer Fitbit (NYSE: FIT) . Fitbit stock traded as high as $7.26 the day that the $2.1 billion deal was announced mo...
GoPro ( GPRO ) has done it again. On February 6, the camera company delivered pitiful results that disappointed investors. The stock price dropped about 9% in post-earnings action, inching closer to all-time lows. There was nothing about the headline numbers that looked encouraging. Revenues...
Investment Thesis Peloton (PTON) offers a compelling luxury stationary bike, treadmill, and content subscription. But it has entered into the "fitness wars" and competes in a smaller TAM than the company or analysts estimate. Further, its initial unit economics are not indicative of long-t...
Investors have known for some time that Apple 's (NASDAQ: AAPL) future growth wouldn't come courtesy of the iPhone. Worldwide smartphone shipments fell by more than 4% in 2018, and when the final tally is done, it's expected to show that the declines continued into 2019, falling an addit...
Facebook (NASDAQ: FB) and Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google own two of the largest digital advertising platforms in the world. Facebook crafts targeted ads based on a user's social connections, preferences, and personal data. Google does the same by mining a user's searc...
Being two of the five illustrious FAANG stocks , it's not unusual to weigh the investing worth of video-streaming veteran Netflix (NASDAQ: NFLX) against Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) . When I paired up these two stocks in October , I recommended owning both, b...
This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position or...
Source: Wired Fitbit ( FIT ) is an ecosystem of fitness apps packed in a watch. However, its recent underperformance highlights its weak pricing power and declining brand advantage in the fitness tracker/smartwatch space. Given the proliferation of new competitors and the presence of b...
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Covenant High Plains Surgery Center becomes West Texas' only surgery center to achieve accreditation from the Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program® Lubbock-area surgery center becomes one of only a dozen in the country to meet all cr...
Connected Coaching Start Up asensei Raises $2.2M To Fuel B2B Growth asensei accelerates push to add Connected Coaching to every sport and fitness product to help anyone improve their form and technique. PR Newswire SAN FRANCISCO , June 16, 2021 /PRNewswir...
Concierge Health Expands Their Team with the Addition of Industry Veteran Donato Tramuto PR Newswire LAS VEGAS , June 16, 2021 /PRNewswire/ -- Concierge Health Inc. announced today the addition of Donato Tramuto as an Executive in Residence to the Concier...