Investment Thesis
In the current market environment, there are a lot of stocks trading at fair value or are undervalued. Most of these companies are more mature and profitable than Arlo (ARLO). Normally, these would be the companies I would focus on, but Arlo caught my eye as a potentially undervalued and under-covered growth company. I decided to write an article analyzing the investment case for Arlo that focuses on:
- Arlo's balance sheet and current valuation.
- Arlo's growth prospects despite strong competition.
- Arlo's path to profitability and potential upside and future valuation.