Vince Martin
Long/short equity, value, gambling

Logitech: Good Quarter, But Resistance Seems Likely To Hold

For all the optimism and good news in Logitech's (NASDAQ:LOGI) fiscal third quarter report and on the company's post-earnings conference call, in my opinion, the quarter actually supported my caution towards the stock a month ago. To be sure, it was an excellent quarter: sales were up in both the growth and legacy PC-related categories (the latter truly an impressive feat), and the company raised its guidance for full-year non-GAAP operating income.

But despite solid execution and good results, a review of the quarter still leads to the same question: how is LOGI supposed to break through the ~$15.50 level at which it traded last month, and trades again at Thursday's close of $15.51? The company and

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