- The company was plagued by what management described as execution problems and the shares sold off big time.
- While the direct financial impact doesn’t seem to warrant the extent of the share price decline, this exposed the possibility of wider competitive issues.
- Much of its business is facing tough competition in slow growing markets and price increases are not a long-term viable strategy.
- The company does generate lots of free cash which it can use to innovate out of these markets, and to some degree it is successful in doing that.
LogMeIn Scores An Own Goal
August 9th, 2018 · No Comments