LogMeIn (NASDAQ: LOGM) is a classic example of a company suffering from the effects of lacking a sustainable competitive advantage. If you simply look at LOGM’s valuation metrics, you might be fooled into thinking that the company is cheap (or even fairly valued). However, the reality is that LOGM is a company with a distressed business model as its niche market becomes increasingly overcrowded. LOGM's lack of differentiation has put pressure on its margins and slowed down its growth, which has translated into a lower share price since 2017. Currently, LOGM is launching a