Professional
Added to YB: 2026-01-29
Pitch date: 2026-01-27
REZI [bearish]
Resideo Technologies, Inc.
-6.08%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally.
Market Cap
$5.4B
Pitch Price
$34.06
Price Target
17.00 (-53%)
Dividend
N/A
EV/EBITDA
9.58
P/E
-7.85
EV/Sales
1.22
Sector
Building Products
Category
N/A
Spruce Point Capital Management Issues 'Strong Sell' Research Opinion On Resideo Technologies, Inc. (NYSE: REZI)
REZI (short): Forensic analysis reveals troubled spin-off w/ 4 CFOs/CAOs in 7yrs, $220M 'one-time' restructuring costs, -37% OCF decline since 2018. Failed 2024 targets (2.9% vs 6% revenue growth, 28% vs 30-32% margins). $2B+ questionable M&A (First Alert from fraud-tied Newell, struggling Snap). ERP issues may cost $100-250M more. See 25-50% downside.
Read full article (68 min)