Adept Technology Inc (ADT)

[Toxic Avenger]

Don't know about the dot.com days, though I can imagine a robotics company got caught up in the hype, but over the last few years, it's risen, then fallen again.


It does look like their revenues have been up and down to, but are rebounding over the last few quarters. They've been profitable in the past, probably when their PPS was 2-3 times today, but not recently.

They seem to have fallen, likely due to tax loss selling, at year end and recovered nicely so far in 2012. I'm up about 20% from late in the year and thinking I might add a bit to my position in the expectation that they'll continue to move up.

I think $3/share is a realistic target for 2012. If they can keep nudging the revenues up and the SG&A down, this could be a multi-bagger over the next couple of years.

They are an international company, and just recently announced opening an office in China. http://www.azorobotics.com/news.aspx?newsID=2447

Could be a good find. Thanks !