These 2 Companies Are Banking 50% Profits Despite the Bear Market
Inflation can erode a company's profitability, which is why in today's world, it's more important than ever for investors to pay attention to profit margins. If a company's profit margin is slim, then a surge in expenses can easily put its bottom line into the red.
Two companies with significant buffers on that front are BioNTech (NASDAQ: BNTX) and Public Storage (NYSE: PSA). Each has been banking 50 cents of every dollar it makes as profit.
BioNTech has been reporting strong sales and profit numbers thanks to the COVID-19 vaccine that it developed with Pfizer. Over the trailing 12 months, it has reported net income of 12.9 billion euros on revenue of 23.3 billion euros, for a profit margin of 55%. BioNTech could absorb some impact from inflation and still be at a margin of 50% or higher.
Source Fool.com
