Chris O'Donnell
Value, medium-term horizon, dividend investing, macro

Adtran - Good Company, Great Stock

During 2014, as both economic and company-specific data has been released, investors are favoring technology stocks over the broader market averages. The NASDAQ is outperforming both the S&P 500 and the Dow Jones with a 4% return this year vs. 3% and -1% respectively. However, some stocks within the NASDAQ haven't seen the kind of success that the rest of the index has enjoyed. Adtran (NASDAQ:ADTN), a network communications company, has significantly lagged the broader averages due to a delay in one of its major future projects and sluggish U.S growth. These developments have sent shares down more than 18% year to date, close to a 52 week low. At these prices, Wall Street is over-reacting to Adtran's...

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