Anixter - Falling Video Prices

By: John Honovich, Published on Jul 26, 2017

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.

******* ***** ****** *** such * ******* **** it *** ****** * notable ***** *** *******'* financial ******* *** *******'* executives.

** **** ****, ** examine *******'* ********** ******** and **** **** ***** for *** ***** ************ market.

[***************]

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

***/***, ******* ** ****** that ****** ** ***** products *** ********* *** more ****** *** ****** lower **** ***** ********.

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

******** ***** ****** ******* is ********** ******** ** mix *** ***** ********* in ******* ******* **** primarily *****.

**** ******* ****** ******* overall, ** ******* ***** cited:

*** ****** ** ***** deflation ** ******** ******* categories **** ** ***** surveillance ******** **** * mix *****.

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

*** ***** *** ******* but *** *** ** the ***** *** ** the ****** ** ******** the ******.

**** *** *** ************* it *** '*******':

** **'* *** *******, it's ********, **'* ****, it's ** ********* **** us ***** *** ****** that ***** ** **** buy ** ******** ** the ******** ****, **'* those ******** ** ******** that ** ****** **** to **** **** ***** deflation.

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

*******, *******'* "******** ***** increased *.*% ** ** organic *****" ** $*** million (~$*.* ******* ****** run-rate). ******* ******** **** gained ***** ** ********, implying ***** ****** **** the ******* ******** ****** is ******* **** **** 2.7%.

Optimism *** ******?

** *** ******** ****, Anixter's *** **** ***** video:

**** *** **** ** the ****** *** ** the ******, ** ** see ************* ** ******* in ****, ********** ** you ***** **** ***** around *** *********.

Not **********

**** *** *** ****** the ***** ***** ** video **** **** (********* a ******), **** ******* prices *** ******* *** impacting ******* ** *** a ********. ** ******* that ******* ************ *** relabellers **************** ****** *** ** this, ** **** **** less ***** *** ****** locations (*.*., ******* ***-**) to *************.

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

** ** *** ******** on *** *** **** providers ** **** ***** and *********'* ****** **** been **** ** ************* issues ** ** **** and ***** ********. **** will **** ****** ** market *** ********** *********** buyers ** ******-****** ******** harder ** **** **** be **** ********* ** change ***** ***** ******.

*** ***** *********** ***** is **** ** ** not ***** *** **** lower *** ***-**** ********* can **. ***** **** sell *** **** **** inside ** *****, *** much ****** **** ********* of ***** ******* *****, marketing, *******, ********, ************ (e.g., ********* **** ******* and ***), ***. ****** finite ******** ** **** drops. ** *** ***** hand, ***** *** ********* have ****** ********* ****** of ***** ** ********* further ** **** ******.

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

*** **** ** ***** commentary, **********'* ** **** ********** call **********.

Comments (1)

Mick Brown

07/31/17 06:27am

*** ****** ******* ** *** ***** *******

*** *** ***** ** ***** ******** *** *****. *** ** date

******** ********* **** ** ***** ******* *******

******* *** ****** ** **** ***** *****

**** ** **** ***** ****** ** ****** ********* ****** * rise ** *** *****

*** ***** ******* ********

**** ***'* ******* **** *********

***** ***** *** ***** ****

*** ****

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