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Breeley Capital's avatar

Great writeup! Seems like a really interesting company. I think the consumer aspect is the key here. It’s great to see that their ratings are high and their customer engagement is strong. My one question/concern would be where does this fall into a consumer’s hierarchy of need? For example: if there is a downturn in the European economy how high on consumer’s list of priorities would their products be?

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mavix's avatar

I think energy costs are a big part of the costs of a household. So saving energy in an economic downturn would be even more important. Especially the smart shelly relays are not that expensive compared to the monthly energy bill. So i think the priorities to save energy will become more important and so the implementation of products that help to save energy will also play an important role

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Breeley Capital's avatar

Really good way to think about it. I think that makes this even more interesting. Appreciate the help!

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