I wouldn't call it dubious but yes opportunistic. The so called 3 business segments aren't firing.
1. Cloud business is stable and growing but won't generate millions per annum I would think, let alone 10s of millions.
2. Parse is dead as far as I can see. The spin about selling Smart city data is a long way off imo
3. OHM is going slower than expected but I haven't lost hope. The sheer pull factor on number of markets for Green building initiatives, Government regulations, corporate responsibilities would drive this segment. How much BUD can capture, time will tell. But as of today, I am cautiously optimistic.
Now to LiFX - I see this a great opportunity to add revenue and earnings multiple to BUD bottom line. There is lot of synergy with this business and potential for LiFX to grow in residential is a vast opportunity. Not to mention, OHM offering in commercial market would add to their revenue stream, that if OHM successfully win few major bids. Then you add LiFX potential to grow in other segment. To me it's a great outcome for BUD.
All in my opinion...
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