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VACNY - Atlas Copco Offers Premium Performance At A Premium Price
VAT Group AG - ADR
Results are certain to get worse from here, but Atlas Copco’s (OTCPK:ATLKY) relatively strong performance in the first quarter underlines part of the reason why I love this company and why investors continue to bid it up to such a generous premium over typical industrial companies. While Atlas is by no means immune to the coming recession, the company has out-executed its competition over the years and continues to find new avenues of profitable growth in which to reinvest.
Of course Atlas isn’t cheap now. Even during the period of peak panic