GREY:LGLTF - Post by User
Comment by
paljoeyon Nov 26, 2014 7:43am
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Post# 23164765
RE:q looking good
RE:q looking goodThese results look good on the surface but examined more closely show that while top line growth is great, margins at the lower levels are lower.
This is not what you would expect .
A 93 % increase in sales resulted in only a 14% increase in net earnings.
That is, recent acquisitions have small profit margins.
With over 160 m shares, the stock is not cheap and now trades above 15 times earnings.