Jim Cramer: I think Fitbit is Cheap, but The Bears Are in Control
Jim Cramer said his whole family uses Fitbit, and a lot of other people do as well, to track their exercise, but the bears are against it.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said his whole family uses Fitbit (FIT) - Get Report and a lot of other people do as well to track their exercise, but the bears are against the stock. Cramer said, ' keep thinking of it as a health and wellness play....I have to tell you, i think it's cheap.' On Thursday, Longbow Research initiated coverage of the stock with a BUY rating on the shares.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
