ADT: Adding ADT to Investing Ideas (Short Side)

Here's a great example of a stock ADT (ADT) that's bounced on #decelerating volume to lower-highs within a Bearish @Hedgeye TREND view.

Here are some other ADT independent research thoughts from a recent Institutional Research note from Ami Joseph:

"The company only has ~$127m gross cash on the balance sheet but they just announced ~$115m dividend program. What’s the point? It amounts to a 1.4% dividend yield. No one will buy the stock for that yield, and there goes $115m per year that could have been good for paying down debt. 

Topline guidance for 2018 implies 4% growth at the mid-point, and is slightly ahead of street at $500m versus $475m. Blah."

KM