OM:HUFV AReal Estate
Hufvudstaden (OM:HUFV A) Stock Profit Rebound Leaves Debt Concerns Unresolved
Hufvudstaden stock closed at SEK120.60 on Friday after a choppy week, with the price roughly flat over one month and slightly weaker over three months. The immediate read on Q2 hardly screams drama. Yet the real story sits in the slow squeeze on the balance sheet rather than the headline income statement.
Earnings over the last 12 months point to recovery and a 35.2% net profit margin, but the company still runs with debt that is not well covered by operating cash flow and trades on a P/E of...