Ken Nagy
Long only

CTS Corporation Just Became A High-Growth, Higher-Margin Company

CTS Corporation (NYSE:CTS) designs, manufactures, assembles, and sells electronic components and sensors worldwide. The faster growing Components and Sensors segment has found new customers and markets for existing products. Over the past several years the company has also diversified its Electronics Manufacturing Solutions (EMS) segment to markets such as medical, defense and aerospace, and industrial.

On October 3, 2013, CTS announced that Benchmark Electronics, Inc. acquired its Electronics Manufacturing Solutions business for $75 million in cash. The EMS segment had been experiencing a slowdown in revenues in 2013 due to the combination of the firm selectively walking away from some business as well as weakness in certain end markets such as Defense. Here is the link to the ...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details