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Why Fitbit (FIT) Shareholders Have Something To Worry About



5/19/2017 6:17:23 AM

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Fitbit (NYSE:FIT) has been a painful stock to own. After going public at $20 in mid-2015, the stock rallied to nearly $50 before tumbling to just over $5 per share. The reasons for the decline were easy to see -- slowing sales growth, plunging margins, and a lack of a moat against cheaper fitness trackers and full-featured smartwatches.

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