ASX:HVNMultiline Retail
Harvey Norman (ASX:HVN) Shares Signal Value While Margins Keep Tightening
Harvey Norman Holdings stock has been grinding lower for weeks, with the share price down about 12% over the past month and closing at A$4.42. Yet the fresh earnings story is less about a collapsing business and more about a slow squeeze on profitability. Revenue over the last twelve months sits above A$3.0b, but net profit margin has edged back to 17.3% and trailing earnings have softened.
The immediate question for you now is simple: Is this a value opportunity on a low P/E, or a warning...