Automation specialist Brooks Automation, Inc. (BRKS, Financial) rose +3.27% in the falling market due to a strong earnings report. The company’s better-than-expected quarter came from sequential improvements in sales growth, cost management and product mix. The company continues to be debt-free and holds roughly 30% of its market capitalization in cash. The company is a straightforward example of the type of company we seek in our deep value strategy: no debt, high cash, profitable, and cheap on an asset basis.
From John Rogers (Trades, Portfolio)' Ariel Discovery Fund portfolio snapshot third quarter 2015.
