Control4: Insurmountable Competitive Pressure Leads To Large Price Cuts
January cut controller prices 40%.
Amazon now making a huge home automation push with Echo platform.
Just made a questionable acquisition that consumed half its cash.
Challenges exacerbated by unfavorable mix shift and volume headwinds as fewer controller needed per job.
Read more: http://seekingalpha.com/article/3961670-control4-insurmountable-competitive-pressure-leads-large-price-cuts-business-impairment
Amazon now making a huge home automation push with Echo platform.
Just made a questionable acquisition that consumed half its cash.
Challenges exacerbated by unfavorable mix shift and volume headwinds as fewer controller needed per job.
Read more: http://seekingalpha.com/article/3961670-control4-insurmountable-competitive-pressure-leads-large-price-cuts-business-impairment