Saturday, February 22, 2014

Seeking Alpha: MTS Systems Waiting For A Better Cycle

Industrial test system and sensor manufacturer MTS Systems (MTSC) is the sort of small company (if over a half-billion dollars in sales is truly small) that just does what it does, year in and year out. As the company's customers operate in cyclical markets, MTS Systems' business inherits some of that cyclicality, but the company reliably delivers very good returns on capital as a byproduct of its strong market share and long customer relationships. With the shares not quite recovered from a post-earnings swoon, there is some value here though it is not a severely undervalued stock at this point.

Follow this link to continue:
MTS Systems Waiting For A Better Cycle

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