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Update: Control4's Poor Earnings

Control4 Corporation (CTRL) announced less-than-bullish Q4 and full-year earnings that will have this one-time CTRL bull taking his 15% gains to the register.

CTRL reported 15% revenue growth on the quarter and 16% revenue growth on the full year, slightly missing expectations. Further concerning was management's guidance of full year expected revenue growth of between 16-20% in the face of an all-time high print in new housing permit filings - CTRL benefits from new housing growth as its technology is implemented at new build by builders, most notably Toll Brothers (TOL).

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With shares falling ~18% on earnings, the bad news may or may not be already priced in, but I can't wait around to figure it out. I let quite a bit of my gains evaporate by getting too bullish heading into an unexpectedly poor earnings. With the bull thesis largely shot, I'll sell shares at market… Read More …