ASX:MAQIT
Macquarie Technology Group (ASX:MAQ) Shares Confront Margin Squeeze And Cash Quality Doubts
Macquarie Technology Group walked into this result with a bruised share price, down over the past month and quarter, yet still carrying a premium P/E of 49.3x. That is classic high expectations territory. The latest earnings did not deliver a clean win on that story, with net profit margin running at 8.2% compared with 9.4% a year earlier and a high non cash component in recent profits.
The stock reaction now hinges on one question: Are investors finally questioning how much of Macquarie...