TSX:ATS - Post Discussion
Post by
retiredcf on Oct 05, 2023 6:22am
Stockchase Insights
BUY ON WEAKNESS
ATS Automation(ATS-T)
04/10/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
ATS share price has been under pressure recently along with the broad market, as the market sentiment factors in the scenario that interest rates may stay higher for longer, which not only impacts growth in orders for industrial space such as ATS, but also the valuation multiple that investors are willing to pay for high-growth name such as ATS. Having said that, ATS’s valuation is still attractive, in our view. ATS has been well-run over the years, and it has a decent backlog and fairly visible growth. Its recent acquisitions also look good. 'Future' orders might be impacted in a recession, but we would say that pretty much anytime.
Misc Industrial Products
$54.710
Unknown
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