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

Logitech's Management Begins To Deliver, More Upside Ahead

I recently wrote up my long thesis on shares of computer/tablet peripheral vendor, Logitech (NASDAQ:LOGI), and I believe that following the most recent earnings report, it's worth taking a look at how the turnaround is actually progressing.

Tablet Accessories Still Very Strong

The Logitech turnaround thesis is actually surprisingly simple: optimize the traditional PC markets for profitability in order to fuel the three core high growth areas: PC gaming products, tablet accessories, and wearable & wireless audio products. Tablet accessories were up 142% Y/Y, largely driven by continued tablet growth as well as continued market share gains in the space. The trick for Logitech has been adapting to the more breakneck pace of the tablet accessory cycle, and...

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