TSX:SESOil and Gas
SECURE Waste Infrastructure (TSX:SES) Stock Can Earnings Momentum Justify A 40x P/E
SECURE Waste Infrastructure stock comes into this earnings day with clear momentum, up about 4.6% over the past week and almost 9.3% over the past month to close at CA$24.22 on 30 July. The headline this quarter is earnings power. Q2 basic earnings per share landed at CA$0.20 on CA$422 million of revenue, feeding into trailing 12 month earnings per share of about CA$0.61 and an 8.6% net margin over the past year.
The market is still treating SECURE as a high growth, higher risk waste and...