ADT - ADT - Valuation And Use Of Proceeds Keeps Me On The Sidelines

ADT (ADT) is the largest security monitoring company in the United States, but this is a battleground stock. Over 80% of its revenue is recurring in nature; however, its largest profit pool (residential service) is under assault from large new entrants such as Amazon (AMZN) and Alphabet (GOOG) offering DIY home security monitoring. The company made the investments to attempt to counter these threats by investing in its own DIY product and in their Commercial operations, but over 75% of their capital structure is debt and over $1B of

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