In saying that all retail companies hit a tipping point that is hard to keep pushing forward, meaning getting more revenue in becomes difficult.
In saying that LIFX looks like it hasn't hit that point yet so I like the deal. Competition is the only issue in the future as the foundation of being number two is built.
Reducing cost to get cash flow positive is a must this is my only concern as the bulbs will sell.
Heaps to consider but the deal will show what it is worth in the near future, six to twelve months.
BUD Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held