Automation is a popular theme, particularly in the
industrial sector, but it is also a rather broad term that can encompass
everything from the most advanced robots, machine vision systems, and
control technologies to relatively basic motors and conveyor belts. At
the end of the day, though, it’s about equipping business owners with
tools that enhance productivity. As a provider of both systems and
services, Canada’s ATS Automation (OTCPK:ATSAF) (ATS.TO)
sits in an interesting middle ground that could prove increasingly
valuable as more and more business look to automate, including smaller
operators that don’t have teams of engineers to design and guide the
process.
Valuation is my biggest hang-up with the
shares now, as the stock has risen almost 100% over the past year and
trades at a level that already anticipates some meaningful operational
improvements in the years to come. Investors should also note that the
U.S. ADRs are not liquid on any consistent basis, though the
Toronto-listed shares are.
Continue reading here:
ATS Automation Is A Service-Enhanced Play On A Major Multiyear Trend
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