NYSE:LBReal Estate
LandBridge (LB) Stock Price Leans On 89% Margin As Valuation Questions Persist
LandBridge walked into this earnings season with a premium P/E and a reputation as a high margin, fee based infrastructure play. The stock had already climbed over the past quarter, yet the market still punched it 6.3% higher to about $80 after the Q2 print. That reaction reflects one headline: cash generation and profitability looked strong enough to keep the rich valuation intact.
The single story investors are trading on today is margin quality. LandBridge reported record Q2 revenue of...