TASE:AZRGReal Estate
Azrieli Group (TASE:AZRG) Stock Faces Debt Strain Behind High Margins
Azrieli Group stock came into today on the back foot, with the share price down about 13% over the past three months and 7% over the past month. That set the stage for an earnings release that puts one issue front and center for investors. Reported earnings look strong and the trailing net profit margin sits near 48%, yet interest coverage is weak and the balance sheet is doing more of the heavy lifting than many holders might like.
The market now has to decide whether a premium P/E of about...