BME:OLEFood
Deoleo (BME:OLE) Stock Profit Revival Leans On One Off Gain
Deoleo stock inched into this earnings day with a 30 day gain of about 13% and a modest 7 day slip, reflecting investors testing a cautious recovery story rather than a runaway rally. The headline from this half year update is simple. Profitability is real but flattered by a €15.8m one off gain sitting inside the trailing 12 month numbers.
For a low priced, roughly €0.34 stock trading on a single digit P/E ratio, that mix of cleaner profits and one off help is exactly what the market now has...