ATSAF - ATS Automation Tooling Systems: Strong Bookings And Backlog Should Continue
Investment Thesis
ATS Automation Tooling Systems (OTCPK:ATSAF) (TSX:ATA) (“ATS”) delivered strong Q1 fiscal 2019 earnings with top and bottom lines growth. Its record level backlog should help it to maintain its growth rate in the next few quarters. We believe the recent trade tensions between United States and China will actually present opportunities for ATS, as many companies will relocate their factories out of China or seek to have multiple factories setup in different part of the world. This may actually result in higher bookings in the medium to longer term. ATS’ current