TSX:ONEXCapital Markets
Onex (TSX:ONEX) Stock Margins Hold Firm While Revenue Shrinks
Onex stock closed Friday at CA$115.51 after a steady run over the past month, yet the real story sits inside the earnings print. The quarter hinged on one thing that matters for a capital markets investor. The reported net profit margin sits at 66.1% over the last 12 months, modestly higher than a year ago, which is a striking level for any asset manager with this revenue base. Against a trailing P/E of 13.2x, the market reaction looks more like a cautious shrug than a verdict on whether this...