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> Their numbers for 2018 are spending $1 to earn $1.05. Of course, they also spent $0.80 to tell people about it and another $0.30 in R&D to develop new busines
by chipotle_coyote 8y ago
> Their numbers for 2018 are spending $1 to earn $1.05. Of course, they also spent $0.80 to tell people about it and another $0.30 in R&D to develop new businesses which puts them firmly in the red.
So their numbers for 2018 aren't spending $1 to make $0.50, they're spending $1 + $0.30 + $.80 = $2.10 to make $1.05, which is, I believe: $1.00 to make $0.50.
- treis 8y agoIf you treat their R&D and advertising as having zero residual value, sure. But that's obviously nonsense.