Quote:
Originally Posted by Dan02
The whole housing is an investment was the biggest disaster perhaps ever made, though perhaps in a capitalist society it was inevitable.
On the loblaws thing, even if their gross margin is 40% thats before all their warehousing/labour/logistics costs. If you don't want to believe their audited financial statements that their net margin is only 3.74% last quarter then that's a you thing. But a 3.74% net margin is not a high number for a business, it doesn't take much of a swing in the costs for you to be making a loss.
Apple on the other hand is over 25%, no one seems to take any issue with that.
Let's put it this way, if they cut their net margin in half you would see less then a 2% reduction in your grocery bill. Your $200 grocery run is now $196, you wouldn't even notice.
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Apple isn't a necessity. Look where the money is going with the CEO and execs taking a ton of money. It's totally crazy.