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Resideo Technologies, Inc. (REZI)
NYSE - NYSE Delayed Price. Currency in USD
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Will this company ever pay a dividend?
I am going to buy $10,000 tomorrow. Momentum chart . Was up on a down market . Grasso likes it .
AUSTIN, Texas, Nov. 17, 2020
AUSTIN, Texas, Nov. 17, 2020 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI) ("Resideo") today announced the pricing of an underwritten public offering of 17,000,000 shares of its common stock at a price to the public of $15.00 per share, before underwriting discounts and commissions. The offering is expected to close on November 20, 2020, subject to customary closing conditions.
It was not wise to sell this company
I listened to the ADT earnings call and it seems clear that their future product innovations and offerings will be with Google. I will be interested to see if REZI addresses this at all in their earnings call, since I believe that ADT is a significant part of the P&S business. ADI is doing incredible, but as an investor I am concerned that distribution margins are too low and P&S will not be able to deliver on their revenue/margin after the ADT contract expires.
Whoa Betsy, has Black Rock always owned 15.5% ?! That's an important 13g filing tonight if they've scaled really up
It looks like they are gonna sell the secondary at $17/share just by looking at the price action.
Investor Day in March. Will be discussing in detail product strategy. None of the substantially improved financial metrics in Q3 was a one off. All expected to continue or improve going forward. Expect partnership announcements going forward. They are accelerating product development & unification of strategy. Cost cutting up to $40-$45mm this year as they reorg,rationalize, focus upon cost structure,cut redundancy... completely new mind set @ company being implemented. Home connected Ecosystem. Demand strong. Covid actually a tailwind with that demand expected to continue post virus. More stringent/accurate reporting going forward as they embrace tougher metrics . The big product margin improvement is sustainable. ADI will receive more investment-e commerce etc push.
New team is really turning this bullish ship around ! No wonder $15 was such an easy sell to institutions.
Home + Comfort + Security = very timely. Google's investment in ADT just underscores the opportunities within the residential/commercial connected ecosystem. Does anyone know what REZI owes HON going forward? $70mm/year for how long?? btw they also spoke of bolt on acquisition potential . ATNHs in the coming Qs , imo .
Why does a company need a Chief Transformation Officer?
This has been an extremely frustrating stock the last week or so.
After looking at Q4 and FY20 numbers, I am no longer optimistic about REZI. It's a good thing that they were able to refinance the debt, and hopefully they will do some acquisitions on the P&S side of the business to expand the product offerings and help margins. The margin and operating income is very unimpressive for P&S, and ADI continues to perform at a high level for distribution but they represent such a big part of the overall business and are selling resideo products as part of their mix. I'm also curious to see ADT's numbers after market today to see if there is anything in their outlook that will impact REZI. This stock provided a great ride over the past year, but I don't see 2021 being a good year to hold this stock. Just one man's opinion.
When will Resideo release Q4 earnings? I'm curious to see what kind of results they will be able to deliver as a stand alone company over the next year with such a big part of their revenue being driven by the distribution business at much lower margins than the products business.
Anybody heard anything about ER?
Karen Finerman, CNBC Fast Money Panelist, recommended to buy REZI last week.
She is becoming a good contra-indicator like Cramer....
None of ya Business
If your in for a long haul payout I wouldnt walk away from this opportunity.
Back to $12 EOD
just bought 7900 shares. bye bye .this is a gift. will bounce back .
country of wusses
This is a opportunity for a long term short..... probability of going to zero is increasing everyday.... hope my broker never forces me to cover.....
why is it dropping like a rock? 31% down in a month, 17% in a week.
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