Cogra 48 Société Anonyme’s (EPA:ALCOG) 26% Price Boost Is Out Of Tune With Revenues
Cogra 48 Société Anonyme (EPA:ALCOG) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 15% over that time.
Even after such a large jump in price, there still wouldn’t be many who think Cogra 48 Société Anonyme’s price-to-sales (or “P/S”) ratio of 0.6x is worth a mention when it essentially matches the median P/S in France’s Forestry industry. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
