Adept Technologies (NASDAQ:ADEP) has been in the financial news for months. First because of poor financial showings; then because of a management shakeup; and recently because the “turnaround plan” has worked well enough that shareholders are bidding the stock up to new highs.
This may be the perfect time for Adept to be acquired. All the big contract manufacturers are buying robots and creating internal robot operations. Foxconn has even set up its own Foxbot line of robots. Flextronics (NASDAQ:FLEX), Foxconn (TPE:2354), Jabil (NYSE:JBL), Celestica (TSE:CLS), New Kinpo, Plexus (NASDAQ:PLXS) and Benchmark (NYSE:BHE) are perfect candidates.
We’ll just have to wait and see.