RE: Article On ATS and Credit ProtectionSuch deceit. If you want to post something negative at least be honest about it:
Here is the actual excerpt:
Of the nine, at least one seems worth looking at: ATS Automation It is high risk (as highlighted by the requirement to refinance $139 million by Dec. 31 or otherwise face CCAA), but smart money has made big bets: the Contra The Heard newsletter is one bull and activist hedge fund, Goodwood Funds is another.
There is a new CEO in place with experience in the Spar Aerospace turnaround and sale. The ATS strategy will likely consist of finding a way to sell off the solar-energy and auto-parts businesses to focus exclusively on automation systems.
THE ARTICLE SUGGEST ATA MAY BE A GOOD BUY!! LOL!!!!!
That's your best example of negative news?! LOL!!!!!
Second, the newsletter may have suggested that in the past (not to say that that is true), but ATA subsequently did a large rights issue that raise cash almost equal to the company's entire debt.
But even you are right, we are past Dec, 2007...no CCAA filing. And none will. The company has over $100 mm in cash? Did you even bother to look at the company's quarterly financials.
Now I know ATA a great value and turnaround buy!!!!