ALRM: Adding Alarm.com to Investing Ideas (Short Side)

07/02/18 01:13PM EDT

Below is a brief note from CEO Keith McCullough on why we're adding Alarm.com (ALRM) to the short side of Investing Ideas today:

Looking for "Tech" names to short on green on decelerating volume? Today's @Hedgeye SELL call is brought to you by Technology analyst Ami Joseph and Alarm.com (ALRM).

Here's an excerpt of Ami's recent Institutional Research note on ALRM:

"The plus is that they are the R&D lab for the industry and they get paid for it. The negative is that they believe AMZN/GOOGL are part of a different market (DIY vs monitoring), and they are falling for the industry’s pivot away from resi (i.e. core business) into SMB (small but has potential)."

Sell on green,

KM
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