FIT - Arlo Is In Big Trouble
Up front, I got Arlo Technologies (ARLO) completely wrong. The business was part of my bull case for former parent NETGEAR (NTGR) back in 2017, and I still own ARLO shares received in the spin-off executed at the end of 2018. I liked the story here, and what I thought was the undercovered (and undervalued) story of Arlo was both part of the bull case for NTGR pre-spin and the reason I held on as shares started sinking steadily soon after the company's August IPO.
Even ahead of the IPO, I