ADT - ADT: Improving Security

2024-06-03 03:19:00 ET

Summary

• ADT has struggled with debt and lackluster earnings but has seen improvements in its core security business and following the divestment of non-core assets.
• The company exited the residential solar business and announced a dividend increase and share buyback program.
• ADT's net debt has decreased and the quality of its core business has improved, as I am still awaiting to pull the trigger.

Last summer, I believed that security was on the rise in the case of ADT ( ADT ) . Trading at $6 and change, I concluded that the company was struggling due to a lack of real, tangible results from its Google partnership and a move into the solar business, which raised some questions....

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