The Picard Maneuver@startrek.website to People Twitter@sh.itjust.works · 2 years agoBlack Fridaystartrek.websiteimagemessage-square109fedilinkarrow-up1739
arrow-up1739imageBlack Fridaystartrek.websiteThe Picard Maneuver@startrek.website to People Twitter@sh.itjust.works · 2 years agomessage-square109fedilink
minus-squareTavarin@lemmy.calinkfedilinkarrow-up9·2 years agoTell that to Loblaws with it’s multi-billion dollars a year in profits since lockdowns.
minus-squareEmpricorn@feddit.nllinkfedilinkEnglisharrow-up9·2 years agoSomeone should sue them, then! Let’s see how he feels when someone lobs a law bomb at Loblaws’ Bob Loblaw.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1·2 years agoIt doesn’t matter what their profit is if their margin is only 2%.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up3·2 years agoIt’s 4% for Loblaws, and when the profit is billions it does matter.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1·2 years agoIt doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up4·2 years agoNot when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1·2 years agoNo, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up3·2 years agoYes it can, they’ve been making billions in profits every year for years. Unless they are morons and frittered away the profits, they absolutely can run at a moderate loss for years. Why are you defending billionaires?
minus-squareAux@lemmy.worldlinkfedilinkarrow-up2·2 years agoBecause you don’t understand economics and act like a 13yo kid.
They do
Tell that to Loblaws with it’s multi-billion dollars a year in profits since lockdowns.
Someone should sue them, then! Let’s see how he feels when someone lobs a law bomb at Loblaws’ Bob Loblaw.
It doesn’t matter what their profit is if their margin is only 2%.
It’s 4% for Loblaws, and when the profit is billions it does matter.
It doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.
Not when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.
No, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.
Yes it can, they’ve been making billions in profits every year for years. Unless they are morons and frittered away the profits, they absolutely can run at a moderate loss for years.
Why are you defending billionaires?
Because you don’t understand economics and act like a 13yo kid.