ATS Corp T.ATS

Another View

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EPS of $0.69 beat estimates of $0.65; sales of $753M beat estimates of $718.5M. EBITDA of $137.8M beat estimates by 21%. Revenue rose 23%. Backlog is $2.02B, up 30%. The balance sheet has improved with the US IPO and management expects higher earnings as margins improve. There are still some supply chain issues and inflationary pressures, but this was a solid quarter for ATS and the outlook is good. We would consider recent weakness an opportunity to buy/add. (5iResearch)

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And more. GLTA Do you have any idea why ATS has lost 15% of its value, within less than a month ($55 from the high of $64) ? Despite the company posting solid results, the stock has failed to gain any traction. This company, we know, is one of your favourites in the group. Is there any change in your thesis ? If not, should it be a great buying opportunity to add ?  TD did cut its