Q: Why does ATS keep falling? Is this a buy, hold, or sell? What price should I start adding?
5i Research Answer:
Investors are still fretting about the decliine in the backlog, and then its largest shareholder compounded problems by selling a large block of shares. We would remain a HOLD at the current (cheap) valuation and reference this recent answer. We might start picking away with more at the $42 level in any further declines.