TSX:MALAerospace & Defense
Magellan Aerospace (TSX:MAL) Stock Rallies On Profit Surge As Valuation Questions Build
Magellan Aerospace stock has been on a tear into this earnings print, with the shares up about 59% over the past three months and more than 32% over the past month. The headline from Q2 is simple: profitability is doing the heavy lifting. Basic earnings per share came in at CA$0.35 on revenue of CA$305.6m, while trailing twelve month earnings and margins point to a business that has been squeezing more profit out of every dollar of sales.
For investors, the short term excitement meets a...