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Investment Guru John Keeley Comments on ADT Corp

March 26, 2013 | About:

During the fourth quarter, ADT Corporation (ADT) proved to be the top performing position in the fund. Shares of the producer of electronics security debuted strongly after being spun-off from Tyco last year. The company climbed over 29 percent and added 56 basis points during the quarter. Although we believe the company can do well regardless of the housing environment, the stock was clearly boosted by improvement and continued momentum in the housing market.

From Keeley Funds' fourth quarter 2012 investor letter.


Rating: 2.0/5 (1 vote)

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