Finally, "home automation" bulls seem to have lost control of Control4 Corporation (NASDAQ:CTRL) stock, which has declined 50% over the last three months. Like any other stock correction, reasons attributed are many - expectations of a weak housing market, seasonality, China slowdown and others. The simple reason to understand is broader market related correction, much needed after hyped up expectations, a move that was accentuated by low float.
For investors, this is a right opportunity to focus on fundamentals, near-term catalysts and execution, rather than unrealistic comparisons to Nest (NASDAQ:GOOG) and other broad "home automation" macro themes. Fundamentally, the business is well positioned for growth as recently launched solutions are pushed through the channel and new...
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