Is Baltimore Technologies(LSE: BLM) in with a chance of becoming one of the biggest companies in the world, or is its valuation built on nothing but hope? Two opinionated Fools face off: read the arguments below, decide for yourself, and then vote to determine the winner.
En garde!
The Bull Case
"Baltimore will benefit enormously from the future growth of the Internet and the increased importance of Internet security. The company has positioned itself as the world leader (outside the US) in its markets and now has a major presence in the USA. It has the potential to become one of the biggest businesses in the world." more
The Bear Case
"Baltimore has already done the easy bit, talking up its share price and market value to stratospheric heights. The hard part follows now, growing revenue and earnings by a similar amount. Let's put the magnitude of this task in perspective. Over the past two years, during which the company's market value has increased roughly thirty-fold, revenues have only just doubled. Meanwhile pre-tax losses have quintupled as the group spends freely in an effort to compete." more
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