They do tooling for factories. Manufacturing is moving to e-vehicles and more automation in factories. ATS can do this. Backlog is growing and just bought a company today. High valuation. Sound strategy. He has a 5-year timeline for ATS. Things are playing out well for them. Likes it.

They design and build turnkey manufacturing and test systems. Doesn’t pay a dividend, but he thinks it is coming out of a long sleep with great opportunities as many companies bring manufacturing back to North America. They had a big earnings surprise this quarter and analysts’ forecasts have been revised significantly upward. Looking at the technical pattern, he thinks there is a possible 50% upside. (Analysts’ price target is $22.40)

We're in the early innings of automation. ATA supplies this to and consults the energy, healthcare, industrial and maufacturing industries. ATA is in the thick of it. Stricter regulations in these industries demands precision that's found in automation. ATA has fine management. They've been on a buying spree. Their chart is very bullish and the stock price will continue to rise. Despite the recent spike, he'd still buy it. (Analysts' price target: $22.40)

This is his second biggest holding. He bought it as low as $4 and change. He won’t be buying more at this price but people who buy under a different system,  such as a momentum system,  might find this attractive. This had a solar arm, which was one of the reasons he bought the company. Unfortunately, it didn’t work out and they had to sell it off. There is a new CEO now who he likes very much.

Has a Sell target of $21+, but wonders if he has overvalued where it can go. He’s happy to continue holding.

When he looks across the automation value chain, there are a lot of really fascinating things happening. When you look at what robotics are able to do, it is an area that he thinks is going to greatly surprise people over the long-term. However, he didn’t feel this company was in the part of the value chain that he wanted to be in. There are some very interesting European, Japanese and American companies that have a little more of a moat around their business.

(A Top Pick Nov 18/14. Down 16.91%.) A very good company and it is in the right space. Industrials performed horribly in 2015.

There is this pickup in the global trend of manufacturing automation.  Trades slightly cheaper than Rockwell, for example.  As we see global production picking up they will do well here.  Estimates have been reset over the last quarter here and so the company has more attainable growth estimates now.  There is organic as well as margin growth possible here.