ADT – Buy

ADT Corporation ($34.50) continues to steadily maintain a healthy balance sheet and improving income statement and operating cash flow.

Marginally growing customer base and expanding it’s market footprint by expanding into the mid-size corporate market.

Committing to it’s share repurchases while announcing an additional $1 billion, 3-year expiration program.

If anything that continues to raise a cautionary  flag is the company’s high LT-debit/equity of 1.7, but with the given absurd low lending rates over the pass years, I would probably be more concerned if I found the company wasn’t being prudent and taking advantage of this opportunity.
[hr]Date: 8/1/15
Price: $34.53
Fair Value: $59.88 (76% reward)
Stop: $30.00 (-13% risk)
dividend: $0.84/2.4% Yield
Ownership: yes[hr]

Investment recommendations are solely for the benefit of the writer.  Readers/investors should be cautious about any and all investment recommendations and should consider the source of any advice on investment selection.

All readers/investors are advised to conduct their own independent research before making a purchase decision. In addition, investors are advised that past performance is no guarantee of future price appreciation.