Quote:
Originally Posted by Hakan
Margin's should be low for retailing gas because of so much competition and the substitutability between gas brands. That doesn't mean squat though. Gas companies are so vertically integrated that end use margins mean little to their total profit.
If you want me to shed a tear for the impoverished retail franchise owner then you're barking up the wrong tree. The financials of a single gas retailer are available to anyone who wants to look into it. If the owner thought they would make a killing then that's their problem not mine.
Reggie's point still stands. Gas companies are making whacks of money off selling their own gas.I could care less about individual franchise owners. Boo hoo.
|
What you say at first is true, but then you fall of the rails with the rest.
What you say in the first paragraph is true, but then you blur the retailer with the big vertically integrated in the second and third paragraph which is not true.
That's fine, you don't have to care about the individual franchise owners, but I don't get the reason. Imperial makes good money and therefore you say boo hoo to the franchise owner who does not have anything to do with those big earnings or share in them in any way.
That's like me saying, Banks make lots of money so I don't give a crap about the tellers.