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.
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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.