Disturbing numbers on Resideo's efficiency on use of capital: https://apple.news/AMkvtFK6-TmGsQvF1D6hdDw
REZI has 0.4% Return on Capital Employed. Industry average is 12%, former parent Honeywell is 20%. I hope they get some products released soon that turn things around otherwise break out the marshmallows.
Recovery is on its way, thanks to agile where you don’t need any delivery date, no planning, no thinking...just develop something for sometime..... titan is the brain child of the former CTO.... sound like some d*ldo name.... what’s next ? The Hungalot project?
The stupidity never cease to amaze....
bzc - no its not and you are full of cr@p . Is this the India dude mentioned below? Titan is no where near ready and has a LOT of people nervous. Quicksilver is a joke and no where near ready. Storm is the next gen stat and other than having a project name...nothings been done. I notice you don't mention dates other than released soon. So if they are being released...give us dates. cricket cricket cricket...
We are getting prepared to launch next gen security system Quicksilver with Titan backend.
A new gen of smart thermostats is also getting released. I think we should see revenues increasing substantially.
xjg - the asbestos fiasco is for the garret spin. they took the breaks and turbo business that had that liability associated with it. Our issue is the brain trust running things negotiated the worst deal ever. They paid so much to use the Honeywell brand (along the lines of that 150M per year) they won't get rid of debt anytime soon. Add to that sales and customers are fleeing like the place is on fire. And oh yea...our marketing 5uck5. Can't wait to see how they spin Q3 numbers. July Historically bad, Aug really, really bad but not as bad as July and Sept was pretty damn bad but not nearly as bad as the other two months. They can only pay peter to pay paul so much and I think they have used up their three wishes....
Indian dude saying we will release game changing, next gen products and dominate google and amazon in ....3...2..1
LOL
The low return on capital is due to paying Honeywell $150 million a year (asbestos liability) which is an accounting gimmick to goose Honeywell results. The Resideo ROI is not as bad as it seems other than the company is loaded up with debt.
We're screwed with a capital "S".