How does Vivint Smart Home fit with other public companies in the same space, like ADT, Monitronics, Alarm.Com . We share our observations about market values.
This Vivint IPO, as projected, will deliver fortunes to the “insiders”, but what about the new “outsider” public investors? Do we listen to the 4000++ Vivint customers that filed complaints with the BBB Better Business Bureau, plus lots of nasty social media; or do we believe the self-aggrandized marketing and PR. Will Vivint Smart Home follow several of their public peers, like ADT and Monitronics. ADT is trading near its all-time low and Monitronics recovering from bankruptcy. Monitronics was re-named, re-purposed, re-branded… just like Vivint, but unsuccessful. The SEC disclosure documents for VvNT can be confusing too. Note that we could not read every disclosure document, but could not find credible disclosure about to the real disruptor of the entire Alarm Industry. That major disruptor is the trend of thousands of municipalities all across North America. The private remote-monitored alarm industry, including Vivint, has abused the decades old quid-pro-quo with municipalities… 98% error/false without projected cost recovery. Unnecessary Police Response for private-remote-monitored deterrent alarm customers, can enhance private market value, but drain up to 18% of police resources and dilute public safety. That “silent partnership” with local municipalities for police response is going away or already gone, aka demolition of basic business models.