Jim Cramer: The Problem With Fitbit Is You Only Need One
Jim Cramer says he has gone back and forth on Fitbit, but now he sees it as a commodity business that doesn't deserve a premium multiple.
TheStreet's Jim Cramer says he has gone back and forth on Fitbit (FIT) - Get Report , but now he sees it as a commodity business that doesn't deserve a premium multiple. Cramer says, "Repeatedly, the company has said that it's not a commodity...the problem with Fitbit is you need one and you don't necessarily need to upgrade. The world is flooded with lookalikes."
