Cognex's (NASDAQ: CGNX ) business has shown signs of improvement in recent quarters, driven by the Moritex acquisition and its emerging customer initiative. Outside of this, the core business is still struggling, with automotive an area of particular weakness.Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by id ...