PLT - The Polycom Deal Prevents Plantronics From Seeing The Light At The End Of The Tunnel Soon

There is a company from the unified communications industry whose stock has dropped a lot over the last twelve months. But this bad stock performance hasn't surprised us. We predicted everything including the recent dividend cut in our past bearish articles here and here. We are talking about Plantronics Inc. (PLT).

We have expressed our concerns about the Polycom deal since September 2019 while also noting that PLT would drop significantly from $37 per share due to a handful of reasons. In other words, we disagreed with Morgan Stanley and Northland

Read more ...