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stuff that shouldn't matter -1

08:41 15-Jun-18


The indictment of one current and five former Fitbit employees is all over the news this morning.  There is no implication that the company itself is involved, and this should be a non-event.  However, given the poor reasons for the recent climb in FIT shares, weakness is showing, with a 2% premarket drop so far.

Discussions with SA on an article are proceeding in typically obtuse fashion.  So there may not be one.

While we're at it, I'll note that AES has closed the ElectroPaulo sale and should receive a net $310M within 60 days, which it will use to pay down debt.  The final amount is a bit lower than expected, but this was never a transaction that should have had all that much impact.