LTCH - Vivint Smart Home: Great Product Poor Execution

• Smart homes are growing in popularity and Vivint stands to benefit from this trend, given its lineup of high-quality products.
• However, its poor distribution strategy leads to issues of low scalability and high capital intensity.
• High debt and the Buy-Now-Pay-Later mode are also risks that could hinder growth.
• Until we see a change in business strategy, investors should stay away from Vivint.

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