Avigilon ~$18 Million Stock Buy Back Again

Author: John Honovich, Published on Nov 12, 2015

Earlier this year, with the stock trading in the ~$18 range, Avigilon bought $39 Million of their own stock. Now, the stock is down under $12.

But Avigilon's confidence in itself has not waned, with their recent purchase of another $18 million in stock.

In this note, we examine the move and its competitive impact.

******* **** ****, **** *** ***** ******* ** *** ~$** range,******** ****** $** ******* ** ***** *** *****. ***, *** ***** ** **** ***** $**.

*** ********'* ********** ** ****** *** *** *****, **** ***** recent ******** ** ******* $** ******* ** *****.

** **** ****, ** ******* *** **** *** *** *********** impact.

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

Buyback *******

**** ********* **** ** ******* ****, ******** ****** **** ~*.* million ****** ** ** ******* ***** ** ~$**.**. **** ** in ******** ** *** / ****, ***** **** ****** *.* ******* ****** ** ** ******* ***** ** $**.**.

Price ******** ******** ** ********

**** *****, *** ***** ********* ****** *** ****** ** *** buyback. ** *** / ****, *** ***** **** **** $**.** to $**.**. ** ********* / *******, *** ***** **** **** $11.46 ** $**.**. *******, *** ***** ** *** **** **** to $**.** ** *** **** ** **** ***********.

$100 ******* ********* ******* $** ******* ******

** ***** ****, ******** **** ~*.* ******* ****** ** $** a *****. ** *** ****, **** **** ********* **** ***** use *** ******** "**** *** ******** *** ******* ********* ******** *** *** ********* strategic ************." *** **** **** ****** **** ** ***** ** ******* ****** ** shares ** ~$**.

***********, **** **** * *** ** *****. *** ~$** ******* profit ** *** ******* ** ~** ***** *** ****** *** **** so ***.

** *** ***** ****, **** ***** **** *** ******** / distrust **** **** ********* **** *** **** (*.*., ******** '************ **********' / '*************' ***, ******** *** ***** ** ******* ******** **********) ** ********.

*******

******** ** ***** **** **** ***** ***** ** ~$**, *** stock ** ~$** *** **** *****. *******, ***** *** ***** decline ** ********'* ******* ****** **** *** *** ********** *************** / ********** ** *** ***** ************ ********, ***** ** * real *********** **** *** ***** **** *** ** **** ****** or *******.

******* ** **** ** ** ***, *** ********* *** ******* of ****** ***** **** ********'* *** ** ***** ********* ** the ********* ** ******** *** *** ****** ** *** ***** price. ** *** ********* ***** ** *** / **** ****** at ~$**, ***** ****** *** ********* *******, *** ** ******* to ** **** ** **** *** **** ** ****** ***.

Comments (5)

Undisclosed #1

11/12/15 07:29pm

***********, **** **** * *** ** *****. *** ~$** ******* profit ** *** ******* ** ~** ***** *** ****** *** 2015 ** ***.

*** *** *** **** ***** ****** ***** **** *** ***** goes **** ***** *** *** **?

John Honovich

IPVM | In reply to Undisclosed #1 | 11/12/15 09:01pm

*** ******** ******. * **** *** * ******** *** $****, you **** *** ***** **** ******** **** ** ** *** $50m. * **** $***, ***? *** ********* ** *** ******** now ******** ** $***. **** * **** ** ********** **** for $*** *** ***** $*** **** **** *** ******** ***********, yes?

Undisclosed #1

In reply to John Honovich | 11/12/15 10:14pm

* **** *** * ******** *** $****...

**** **, **** ********* *** *** ********? $*, $***, $****.

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

******** $*** **** $****.*** **** **** $***. ******** ********: $***

*** **** *** ***** **** ******** **** ** ** *** $50m.

**, **** ** **** ******** ***** ** *** **** * am ******* ** **** ** ***? $***.

$*** ******** *** $*** ** ****.** ****** ** ****.******** ********: $***

*** ********* ** *** ******** ** *** $***.

*** **** * ***** **** ** $***.******** ********: $***

*** *** $*** ****** *** **** **** *** ******* ** buy **** *** ********, *****?

John Honovich

IPVM | In reply to Undisclosed #1 | 11/12/15 11:35pm

*** ********** *** ******** ** ********* **** *** ***** ** temporarily ***********, *******?

******** ** *** ********, "****, ** **** *** ***** ** never ***** ** *** *** **** ** ** **** *** let's *** ** ******."

****'* *** * * ****** **** *** ****** ***** ** it (** ** ***** **** **, ******* **** ***** ***********, it ** *********** ***********).

******** ***** ** ***** *** ***** **** ***** *** *** investors *** ****** ** ** $** *** ******* *** *** losers, **** **** ******* ** *** **** **** ******** **** their ********** *** ** ****** *** ** *** **** ** a ***** *****.

Hal Bennick

11/17/15 11:31pm

**** ** *** **** ****** ** ****** * **********, **** Skittles.

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