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ITI Technologies is the leading designer and manuf. of RF components for security and home automation markets. Last week they were trading at $39 after a record 3rd quarter. And for the past 3-4 years they've been at the $17-23 level. BUT! last week their main client, ADT, decided not to use their stuff anymore. ADT constituted 43% of ITII's income so this was a real blow. The ITII stock dropped $18! in one day last week because of this news, down to $11ish. ITII has already started replacing ADT with new clients, namely HONEYWELL and I think they'll be able to make up that 43%. SO! I think this is a good opportunity to get in at 11 or 12 and at least get back to ITII's normal 20ish level. What do y'all think? Hear anything else? CJ |
