ATM had a rapid rise from $0.10 per share in 2012 to almost $1.00 per share in early 2014. Now it's eased back a bit to around $0.70. So ATM has been a terrific performer viewed over a 3 year view.
BAL has had a big run this year.
In terms of valuation, both ATM and BAL earn similar gross margins, but ATM is spending pretty heavily to get going in the UK and US and is breakeven.
The best way to compare valuations may be to look at forward EV/Sales multiples - around 2x forward for ATM and 3.5x for BAL. BAL arguably warrants a premium for its higher profit margins and higher growth rate.
BAL Price at posting:
$7.37 Sentiment: Buy Disclosure: Held
