Re: Fitbit, Inc. (FIT) -
Even Apple can not monetize their Health Tracking Services business (w/ watch and other devises) and they really have no limits on resources they can spend.
Key Apple Health Technology Executive Said to Depart Company
Matsuoka was hired to lead teams involved with the company’s HealthKit tracking software, the CareKit tool for managing patient medical care, the ResearchKit framework for conducting medical studies via Apple devices, and related machine learning algorithms. Matsuoka reported to Jeff Williams, Apple’s chief operating officer, who also runs the teams related to the Apple Watch, health research, and fitness applications.
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Would Fitbit, Inc. (FIT) recruit Ms Matsuoka for their last ditch effort to monetize their subscriber base. Maybe they can put lipstick on this Pig and package the company for sale once Matsuoka charts out a plan to accomplish this. Sell to a HMO or some other healthcare company, maybe even Private Equity.
More Food for Thought . . .
FWIW, been looking at GoPro, Inc. (GPRO) as a similar value Buy but they have similar problem as FIT, little to no earnings and can not monetize revenues from their huge installed user base.
EKS |
