- A new CEO has launched a focus on operating efficiency and cost-containment. The efforts were quickly rewarded as Q3 GAAP earnings were up 10x yoy.
- Going forward, the margin improvement appears to be sustainable for the leading global provider of smart home security and comfort devices.
- A recent stock offering saw such strong demand it appears to have been significantly underpriced, yet still bodes well for the future.
- With a Fwd P/E=9.8x and rising earnings estimates, the company is undervalued and a BUY.
For further details see:
Resideo Technologies: New CEO Has Transformed The Company (And Its Earnings Power)