ADT recently released Q3 earnings that Wall Street took a positive note off. I've been following this company over the last few months because I thought shares were too cheap at around $4 in August 2019.
Shares have almost doubled since then plus the company announced a special dividend of 71 cents
One of the reasons I like this stock is because I personally use ADT services for home security. The company has a strong brand and loyalty among customers. Selling off the Canadian business is a good idea to focus on their core United States market.
Disclosure: I own a small position of ADT stock.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
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