OB:BINTReal Estate
Bevest (OB:BINT) Stock Can A Small Profit Shift Sentiment Around Deep Losses
Bevest stock goes into this earnings season trading around NOK23.40 after a weak three month run and only a modest 30 day rebound. The market has treated it like a troubled real estate story with a very low price to sales multiple near 0.2x, while peers change hands at much richer levels. Today's Q2 release forces a sentiment check. Revenue sits at NOK2,701.5m and the company reports a small net profit from ongoing operations. For a stock priced for deep trouble, that swing in profitability...