Q: Would you add to ATD today? It appears that their bid for seven and i is progressing?
What would be a good price to add more?
What would be a good price to add more?
5i Research Answer:
We like ATD and would consider it a defensive type of stock in this market. If they get 7/11 it should be good for the company. We do not think any buyer needs to be aggressive these days, and would see $70.50 as a good starting place to buy some (accumulate, not all at once).