Q: Hi 5i team. Your thoughts on switching ATS for either BYD or TVK. Looking for growth over extended time frame in a non registered account. Worry about the recent run up of BYD and TVK and wondering if I should wait for a pull back or if I should just stay the course after ATS pull back. Not looking to add another position in my already heavy industrial holdings.
Thank you
Thank you
5i Research Answer:
Momentum is certainly better with BYD and TVK. TVK is likely running a bit harder as it has crossed the $1B market cap threshold. We remain comfortable with ATS but it may be quiet for a period of time. BYD is a nice steady eddy player and it has been a very strong value creator over the decades. We would be OK with a switch to TVK if one is comfortable buying a company that is 1/5th the size of ATS.