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5i Report

Review of ATS Automation Tooling Systems Inc

JUL 16, 2022 - ATA’s reputation and credibility in digitalization, data collection, and a strong record of improving the efficiency of production systems put ATA at a favorable position benefiting from industry tailwinds. While some short-term headwinds lie and cyclical risks loom, we think management can put their head down and focus on backlog longevity and conversion, and margin expansion. Rating initiated at 'B'.

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