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  "docSlug": "c1709c763a52",
  "documentTitle": "Resideo Technologies, Inc. (REZI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2026-01-27 00:00:00",
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  "notes": "The slide uses a comparison table to highlight that REZI's valuation multiples are high relative to its operational performance metrics compared to peers.",
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      "text": "We compare REZI with a group of distribution and home technology product and services companies.",
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      "text": "EBITDA margin: 11.0%",
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      "text": "Source: Company filings, Bloomberg and Spruce Point estimates.",
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      "kind": "title",
      "text": "We Believe REZI Trades At An Irrational Premium To Peers Given Inferior Growth And Margins",
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