Q: AMD is a stock that you like but it seems to be underperforming (down 20% in the last month) a lot of the stocks in the same business.
I cannot remember the last time that ATS had a green day. It is down 28% in the last three months. It seems to me no one wants it, but I have been holding it on your advice because the majority of the time your advice is successful. I m keeping my fingers crossed. Thank you.
I cannot remember the last time that ATS had a green day. It is down 28% in the last three months. It seems to me no one wants it, but I have been holding it on your advice because the majority of the time your advice is successful. I m keeping my fingers crossed. Thank you.
5i Research Answer:
We do like AMD for tech exposure. It is up 77% in the past year but well off its highs of March. Growth is solid and expected to remain so. The balance sheet is strong. It is not cheap at 45X earnings but we have good confidence in its growth profile today. ATS is still weak from its quarter and lowered backlog. We do not like the momentum but do think bad news is priced in now.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in AMD.