RE:RE:Took a position todayEveryone was saying earnings were going to be unpredictable for the same reasons a few quarters back and I think Avigilon got the message since earnings haven't been as unpredictable as everyone thought they would be and have continued on their upward trajectory.
People can say what they want about Alex Fernandes, but he's no Stephen Harper. If he was, he would have been pumping out cheap IP cameras from the get go, the way Harper has been pushing increased Alberta oilsands output for as far back as I can remember and forgetting about the rest of the Canadian economy with the results we know today.
Avigilon is an adapter and they seem to read and adapt to changes in customer needs much faster than most other companies in their industry.
Avigilon came out of the blocks ahead of the curve with a hardware/software combo few if no other competitiors had at the time and by bringing to market the first multi-mega pixel IP cameras.
Since then, they've improved on those products but have also added access control and analytics to their line-up in a much more meaningful way than any of their competitors have to maintain their competitive edge, so that they can now approach customers from many different fronts,
If they can't get in the door with their multi-mega pixel cameras, they can do it with their video management system, or their access management system, or their anlytics capabilities, and since they are offering fully integrated products, its much easier for them to quickly meet new and existing customer needs as they come along.
That's far from being a one trick poney. In fact, they are probably the only manufacturer in their industry with this much product flexibility and such a wide reaching high quality offering.
And they've shown they can also use the same skills to adapt to investor expectations, since they've been able to continue offering sustained growth and while improving profitability, contrary to what some believed they would be able to to over the past 18 months..