Thread regarding Resideo Technologies layoffs

Recall Honeywell spun off Resideo after activist investor Third Point (Daniel Loeb) took a position in the company. Changes are in the works. I think Resideo is undervalued and should try to get out of the grossly unfair payments to Honeywell like Garrett is attempting via lawsuit. The Honeywell name on Resideo products is worth about -$1 rather than $150 million/year IMO.

As 2psr hopes, please invest your pension into resi-desi....

#InvestInBros
It was just information. Geez.

1mqm - totally agree. Even with recent stock purchases, their average cost is about $18 a share. They are highly motivated to push quickly for changes that will get them a return on their investment.

1foi -thanks for the info. 13Ds could be precursors to breakups, hostile take overs divestitures etc. Most importantly they could be indications of throwing the clueless and dangerous "leadership" out the door (where they belong). Could mean very bad things for employees or not... Since this investment firm is an activist investor and known for wanting very fast returns on its investment I would think its going to be more bad for employees than good. Would imagine sales of IP, factories, ADI etc and massive belt tightening and cuts to save the money they invested. Whatever is left gets dumped......

1gxk. Read what a 13D filing involves (versus a 13G). Read the Purpose of Transaction. It clearly states this group is already in discussion with the board and senior leaders on the direction of the company, i.e., influence. It also sees ADI as a "prized asset." No fear or scaremongering, it's an understanding of activist investment companies.

With only a 6% share it will hardly be in a position to push the resideo board to do anything! Scaremongering at its best

ADI to who?

I would HIGHLY recommend reaching out to them and letting them know about the abusive and discriminatory environment. The creative accounting and the vaporware products that never get released. I just did....

I put the info below....

info@praesidiumım.com

Matina Golias
mgolias@praesidiumım.com

https://www.praesidiumim.com/contact-us/

As I revealed a few weeks ago, ADI will....be....sold!

Def agree, We always figured it would be sliced up and sold in pieces. Did expect and external force to be the catalyst for that. We knew things are going to get rough in January. this will make thinks even rougher for employees.......

Yes, things just got a lot more interesting....and scary.

This is an activist investor, not simply buy low/ sell high. They will go hard at the board and the slash and burn consultants for changes. This just got more interesting.

As btu
Mentioned they are know to gain stakes in companies in trouble and then force the board and the Corp to generate cash very fast. This may only be done through deep cut, sales of assets (see the mention about significant assets duh!) and resell profitable parts first to increase their return in investment. Their sole purpose in to increase their own profit not long term
Rough times ahead next year, but they will attack by Q2

Yes you would invest just before to try to make some $ if the company is resold or cut up, or when selling patents and so forth
This is not a long term investment. They hope someone is going to do something like trying to buy back the shares

Praesidium is known as an activist investor. They will pressure management and the board to maximize shareholder value.

@ vih,
at this level, this could be more than just doing benefit ( buy-low/sell-high), such as take-over (hostile or not), and even potentially getting private to perform outside of public company requirements (Dell was an austin based company ...) and thus be able to perform repo/slice/... or just a pure financial operation...

Would like to hear more from this group on this.

There's no point in posting this. An investment firm purchased shares on the low hoping to sell high. Wow....boig news. They dont know we are missing dates on products. They dont know we dont have any meaningful new products to release. They probably didnt see that we are bleeding money and customers. They will buy low and sell when it goes up a few points...big deal. This by no means we are a healthy company...just means a company that has no insight into this sector took a gamble hoping a stock that crashed and never really recovered goes up a few point. Or they are shorting it. Meaningless post.

Source: https://www.sec.gov/Archives/edgar/data/1320769/000119380519001933/0001193805-19-001933-index.htm