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Strategies & Market Trends : Value Investing

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To: richardred who wrote (58479)11/15/2016 9:58:37 AM
From: Graham Osborn  Read Replies (4) of 78748
 
I changed my mind and took the plunge today with a full position in FIT. Maybe it's just because I'm reading Buffett's biography, but I've been talking with people using the devices personally or on a corporate wellness plan and I just don't see the products getting pushed out by smartphone apps in the immediate future. At an EV/ Rev < 0.75 and P/ TB < 2 there is room for error. This may involve some immediate term pain but the value is compelling enough that I am willing to wait.
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