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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details