I first started flagging Adtran for subs…

I first started flagging Adtran for subscribers back when it was almost exactly half of the price it is right now.  The stock has come down from $47 a couple months ago and has been trading in the very high $30s to the low $40s since.  The company is scrambling to meet demand from carriers who are scrambling to meet demand from wireless customers who demand much more bandwidth than they can currently get.  Adtran’s been trading a bit like a lesser volatile version of Riverbed, which is also scrambling to meet demand from customers who are scrambling tom meet demand from enterprise customers who demand much more bandwidth than they can currently get in their private networks.

Adtran’s been one of my smallest positions and that’s not for any other reason than I’ve just been trying to be patiently re-build this portfolio and that means by definition that I can’t just be jumping in head first with guns blaring buy up full positions in all my stocks from day one.

All that to say, I just bought a little more Adtran common stock to bolster that position a little bit closer to being as big as some of the other longs.   Not a quick, short-term trade by any stretch of the imagination…this one’s a long-term investment on the App/Cloud/Tablet/PC Revolution that is burgeoning before our eyes.