Anixter - Falling Video Prices

By John Honovich, Published Jul 26, 2017, 11:55am EDT (Info+)

Falling video prices are such a concern that it has become a notable topic for Anixter's financial results and Anixter's executives.

In this note, we examine Anixter's executives comments and what this means for the video surveillance market.

Falling ***** ******

***/***, ******* ** ****** **** ****** of ***** ******** *** ********* *** more ****** *** ****** ***** **** video ********.

*******'* *** *****:

******** ***** ****** ******* ** ********** impacted ** *** *** ***** ********* in ******* ******* **** ********* *****.

**** ******* ****** ******* *******, ** Anixter ***** *****:

*** ****** ** ***** ********* ** specific ******* ********** **** ** ***** surveillance ******** **** * *** *****.

*******'* *** ********* ****:

*** ***** *** ******* *** *** mix ** *** ***** *** ** the ****** ** ******** *** ******.

**** *** *** ************* ** *** 'natural':

** **'* *** *******, **'* ********, it's ****, **'* ** ********* **** us ***** *** ****** **** ***** at **** *** ** ******** ** the ******** ****, **'* ***** ******** of ******** **** ** ****** **** to **** **** ***** *********.

Overall ******** *******

*******, *******'* "******** ***** ********* *.*% on ** ******* *****" ** $*** ******* (~$1.7 ******* ****** ***-****). ******* ******** they ****** ***** ** ********, ******** their ****** **** *** ******* ******** ****** is ******* **** **** *.*%.

Optimism *** ******?

** *** ******** ****, *******'* *** said ***** *****:

**** *** **** ** *** ****** end ** *** ******, ** ** see ************* ** ******* ** ****, especially ** *** ***** **** ***** around *** *********.

Not **********

**** *** *** ****** *** ***** sales ** ***** **** **** (********* a ******), **** ******* ****** *** margins *** ********* ******* ** *** a ********. ** ******* **** ******* distributors *** *********** **************** ****** *** ** ****, ** they **** **** ***** *** ****** locations (*.*., ******* ***-**) ** *************.

Outlook - ******** ** *** **** *********

** ** *** ******** ** *** low **** ********* ** **** ***** and *********'* ****** **** **** **** by ************* ****** ** ** **** and ***** ********. **** **** **** moving ** ****** *** ********** *********** buyers ** ******-****** ******** ****** ** many **** ** **** ********* ** change ***** ***** ******.

*** ***** *********** ***** ** **** it ** *** ***** *** **** lower the ***-**** ********* *** **. ***** they **** *** **** **** ****** of *****, *** **** ****** **** structure ** ***** ******* *****, *********, support, ********, ************ (*.*., ********* **** Anixter *** ***), ***. ****** ****** barriers ** **** *****. ** *** other ****, ***** *** ********* **** enough ********* ****** ** ***** ** ********* further ** **** ******. 

Anixter **** **********

*** **** ** ***** **********, *** *******'* ** **** ********** **** **********.

Comments (1)

The larger problem is not price erosion

its the speed at which products are going. Out of date

managing inventory will be their biggest concern

dumping old models to keep stock fluid

this in turn means taking on weaker customers giving a rise to bad debts 

all could posting accounts

that don't reflect true positions 

stock write off write down 

bad debs

 

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