Q: ATS is something that 5i likes. On April 6 of this year it was 52.40 and now today Oct. 17, it is $52.50. You know a lot about this company. I own it because I am a long time member of 5i - do you see things in their profile that I would not have access to? You like QSR and it was a recent pick on BNN. I own it at higher prices. From what I have heard, I am thinking of adding more. Your opinion would be appreciated. Thanks so much.
5i Research Answer:
We do like ATS but do not have access to insider information. Our belief in the company comes from our gauge of management, its performance, acquisitions and backlog. We have covered the company a very long time. In the late 1990s a fund we (Peter) managed owned more than 10% of the company. We have been to most facilities. The weakness is mostly market related, things have not been great for growth stocks the past few months. We think QSR is a good stock in a difficult environment. Its new Chairman has had great success with other companies, and we think the company has a good opportunity for growth that is largely being ignored by investors.