Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Logitech: A Classic Turnaround Play With Several Growth Catalysts

Logitech (NASDAQ:LOGI) is best known as a popular PC accessories supplier. However, both the secular decline in the traditional PC segment, coupled with execution missteps in a number of core growth areas, has left the shares trading near multi-year lows as investors appear to have all but given up on the name. I believe that this fear is overdone and that the firm's very credible turnaround strategy, coupled with its healthy balance sheet and leadership brand, should drive significant long-term upside.

The "New" Logitech

What lends credibility to the turnaround strategy at Logitech is that management has been incredibly straightforward in highlighting and clearly communicating the missteps that led the company and its share price to where it...

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