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MTS Systems Corporation (MTSC) is a name which I have covered with interest in recent years. The last time I covered MTS was spring of 2017 as I concluded at the time that a challenging guidance made investors rightfully cautious.
2017 was setting up to become a ''lost'' year. Despite the acquisition of PCB a year earlier, this deal was not resulting in a compelling guidance for 2017. While short-term earnings were pressured at the time, I noted that if management would deliver, it could create quite some value. Unfortunately, it seems that