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Owlet Baby Care $OWLT - Potential buyout target?
Posted on 6/23/22 at 7:12 am
Posted on 6/23/22 at 7:12 am
A warning letter from the FDA sent OWLT tumbling last Oct. Owlet's Smart Sock product was being marketed as a medical device according to the FDA. As a quick shift work-around, the company repackaged/branded the product & website, and started marketing it as sleep device. They are working closely with the FDA to get the main blood oxygen alert features back. Keep an eye on this one. They are ramping up their international expansion efforts this year. I also love the fact that Amazon owns a small piece of this company. They could be a perfect buyout candidate, especially at these price levels and in this current market environment.
OWLT made for a nice swing from $1.50s to $5 and recently saw the bottom drop out, very quickly falling back to sub $2 levels. I might try to swing this one again back up to somewhere between 3.50-7.80
OWLT made for a nice swing from $1.50s to $5 and recently saw the bottom drop out, very quickly falling back to sub $2 levels. I might try to swing this one again back up to somewhere between 3.50-7.80
7
Posted on 6/23/22 at 7:19 am to ATLsuTiger
This is a gopro.
Posted on 6/23/22 at 7:29 am to ATLsuTiger
This is a great product - I have one. A lot of parents want this for peace of mind with newborn
Posted on 6/23/22 at 8:15 am to Upperdecker
quote:
This is a great product - I have one. A lot of parents want this for peace of mind with newborn
Almost everyone I know has an Owlet.
Posted on 6/23/22 at 8:37 am to Triple Bogey
AT, I'll ride with you again.
Posted on 6/23/22 at 10:01 am to ATLsuTiger
I like this one. Didn't know they were working on bringing back the vitals. We intentionally didn't upgrade to the new app just to keep the vitals on there. If they get that back it will be big. That's the main reason most people buy it.
Posted on 6/23/22 at 10:21 am to AA7
Owlet reminds me of Lululemon. Everyone who bought just before it really blew up made a killing.
Posted on 6/23/22 at 10:31 am to Triple Bogey
quote:
Almost everyone I know has an Owlet.
Agreed. But I don’t know many people that have 2.
See, GoPRO.
Posted on 6/23/22 at 11:21 am to TigerDeBaiter
quote:
Agreed. But I don’t know many people that have 2.
Also wonder how many people loan theirs out to friends once their kids are old enough to sleep without it..
Posted on 6/23/22 at 11:42 am to tenderfoot tigah
In for 5k shares
Posted on 6/23/22 at 2:25 pm to ATLsuTiger
Just 2k shares here. Thx for the tips today, MoMoneyMaker. Everything you touch rockets so I'm joining you.
This post was edited on 6/23/22 at 2:26 pm
Posted on 6/23/22 at 2:56 pm to tenderfoot tigah
quote:
Everything you touch rockets so I'm joining you.
Posted on 6/23/22 at 5:12 pm to ATLsuTiger
It’s had some massive swings and I don’t understand the huge selloff that it just experienced.
I believe there was an expiration on restricted share lockup, fairly recently.
Just got added to the Russell 3000. The major ETFs replicating the index will rebalance over the next week or two into the Russell weightings, if I’m not mistaken.
The product is in a really unique space, and does give a ton of peace of mind to new parents.
However, it’s not a cheap product so we’ll see how sales do with the economic environment and the FDA story.
I believe there was an expiration on restricted share lockup, fairly recently.
Just got added to the Russell 3000. The major ETFs replicating the index will rebalance over the next week or two into the Russell weightings, if I’m not mistaken.
The product is in a really unique space, and does give a ton of peace of mind to new parents.
However, it’s not a cheap product so we’ll see how sales do with the economic environment and the FDA story.
Posted on 6/24/22 at 11:54 am to ATLsuTiger
That update sounds like it was written specifically for Owlet. It also had the bit on weighted sleep gear which is new.
Posted on 6/24/22 at 12:02 pm to ATLsuTiger
Somebody didn't grease enough palms at the FDA/AAP
Posted on 6/24/22 at 3:43 pm to jmcwhrter
Eufy is about to release a competitor, not sure on price yet
Posted on 8/23/22 at 12:20 pm to ATLsuTiger
Should be submitting to FDA soon for Baby Sat…unless this dip means a delay is coming. Either way, I’m scooping more at these prices. Currently sitting on 25k shares. Hopefully Amazon still owns shares here.
Posted on 8/23/22 at 4:15 pm to ATLsuTiger
I think the problem Owlet is facing is the path to profitability and the market punishing most names without a clear path.
I’ve had shares since Dec ‘21 and the FDA approval stuff was expected this year.
With that said.. market is putting a $200M market cap on OWLT shares. The company could show $100M in sales this year.
I’ve had shares since Dec ‘21 and the FDA approval stuff was expected this year.
With that said.. market is putting a $200M market cap on OWLT shares. The company could show $100M in sales this year.
Posted on 8/24/22 at 11:11 am to LSUcam7
As of 8/24: 185M market cap
3Q sales numbers will be interesting.
3Q sales numbers will be interesting.
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