OB:SDSDEnergy Services
S.D. Standard ETC (OB:SDSD) Profit Squeeze Puts Premium P E In Focus
S.D. Standard ETC came into this quarter with a fresh profitability story and a P/E of 15.4x that already priced in plenty of hope. The stock closed at NOK1.85 on 7 August, only slightly ahead over the past month. However, the new Q2 numbers hit that narrative hard. Revenue swung into a loss of US$2.5 million and net income turned into a loss of US$3.7 million. For a company recently celebrated for moving into the black, this quarter is all about a sudden profit squeeze and what that means...