Pro: Top Technology Tips Include Industry Juggernauts And Struggling Fitbit
April 21, 2017 - 9:37am
Paul Meeks of Sloy, Dahl & Holst was a guest on CNBC's "Squawk Box" to offer his top tech investment ideas both big and small.
Fitbit Isn't Dead
Among the smaller-cap tech picks, Meeks is attracted to the fitness tracker and wearable company Fitbit Inc (NYSE: FIT) despite the stock's dreadful 66 percent loss over the past year.
While Meeks believes Fitbit is a "turnaround" story, the stock is also attractive just north of $5 per share given the fact that the company holds around $3.50 per share in cash, zero debt on the balance sheet and a potential downside to just $5 per share. As such, if the company were to "ever doing anything right" then the stock ...Full story available on Benzinga.com
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