ADT Hammered Again, Loses Another Billion In Market Cap

Author: John Honovich, Published on Mar 16, 2018

ADT's CEO told investors that, '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.

***'* ******* ********* ****, '** ******** *****', *** *** ******* * *** *.

*** ********* **** ***'* ***, '** ******** *****', **** ** was ***** ******* ** ******-*.

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**** ** ********* ** ***? ** ********* ********** ******** *********** the ********? ** ******* ***** ********* ******.

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ADT ********** *** *** *******

***** ***'* *** ***** *********, **** ** ***: *** ** like * ******* ** **** ******** **** ********** *** *** machine ***** ********* *** ******* ** **** ***** *** ********. ADT ** ******* ******* ** ********** *** *********** ******** ***** but *** ****** ** ******** **********.

Optimizing **********

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Disruption ** **** ********* - ******, ***.

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Irony ** ****** ******** ***********

************, ********* ******** ******* ********** *** ********** ****** **** **** security *********** ** * ******** **** **** ***** ********** *** much **** ********* ******. *** *******, **** ** ***'* ****** down ***** *********, *** ***** ****** ** ~*.** *****, ******* integrators (*.*.,*** ****** / ********* ****** *.** *****), ********* *** ******** ** * ******** ** that. *** ********* ******** ******* ** ******* ******-**** ********* *** higher ******* ****** ******* *** ****.

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Big ****** ** ******** *********** *** ***

*** *** ******* **** ***** ******* *** ******** *********** ************ is ** **** ******** **** ****** ****** ***** ** ******** integration. ***'* *** ******** ** **** **** ************* *** ***********:

**** ** *** ****** ***** *** **** **** *** ********* and *** **** *** ***** ** **** **** ** *** country. *** ** ** ***** *** ******* ************ ****** *** country ** ****? ** **** *** **** * *** **** of ****** *** ** ** *** ********** *****

** *** *** ***** ******** ******** ********** ******** **** ******, Convergint, ***., ** ********* ***** **********'* ********* *** ***'* ********** techs, ** ***** ******** *********** ****** *** ******* ** ******** in ***'* ****** *********. ** **** *** ** ****** ****** as *** ********** *** ********** ** ********** ******** ******* **** their *********** ****. ***********, ** ** ** ***** ********* **** ADT *** ******* ** **** **** **** ********* ******* ** their **** ******** ******** *****.

Comments (5)

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