It has been about a year since we first wrote about Ambient (NASDAQ:AMBT) last July in an article titled Ambient: The Biggest Winner Of The Duke/Progress Energy Merger. During this past twelve months the stock has been a dismal performer losing over 57%. At the time of our original article we were correct in our cautiousness in stating:
We've been tempted to buy shares of Ambient but its relatively illiquid and fear of the Duke merger made us nervous. If the CEO of Progress took over as scheduled he may not retain the Ambient relationship.
Now that this hurdle is gone we will look for a dip in the shares to gain an entry point.
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