ADT's CEO told investors that [link no longer available], 'in baseball terms', ADT was batting 5 for 5.
But investors told ADT's CEO, 'in baseball terms', that he was being demoted to Triple-A.
Just 2 weeks after ADT lost a billion in market cap in the wake of the Amazon / Ring deal, ADT lost another billion in market cap after announcing their full 2017 financials. In 2 months, ADT has gone from an expected share price up to $19, to pricing their IPO at $14, to opening at ~$12, now down to $9.
In the midst of this fall, they have acquired 2 security integrators, most notably the non-merger with ASG.
What is happening to ADT? Is acquiring commercial security integrators the solution? We examine these questions inside.