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$Owens & Minor (OMI.US)$There has been little change in reve...

$Owens & Minor (OMI.US)$There has been little change in revenue fluctuations over the past 5 years. After reaching a high point in 2021, operating profit shrank sharply by 50.8% in 2022, while net profit shrank 90% in 2022.
2023Q1 revenue increased 4.8%, operating profit fell 54.6%, and net profit turned into loss.
The income statement shows that the recent sharp decline in operating profit is due to a sharp increase in sales management expenses, plus a 1.7 times sharp increase in interest expenses to 130 million.
Currently, the price-earnings ratio is 70.2. Even when calculated at the 2021 high of 222 million, the price-earnings ratio is 7, and the valuation is unattractive.
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