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Make-up itself costs very little to produce, so I suppose I could have just said mark up. I'm not an equity expert, but I have the feeling that how that one sp
by zmitri 15y ago
Make-up itself costs very little to produce, so I suppose I could have just said mark up.
I'm not an equity expert, but I have the feeling that how that one specific company has performed over one quarter isn't a great indicator. They still had double digit EBITD margins last year, and I know L'Oreal had double digit margins for something like 20 years in a row.
Out of interest, do you personally think cosmetics make someone "beautiful"?
- jonknee 15y agoThere are a lot more costs than what it took to purchase the raw materials. It wasn't one specific quarter, it was simply the last quarter. And they were the first large cosmetics company I could think of. I have no strong opinion on cosmetics either way, but it would be hypocritical for me to hate on someone for buying something with large profit margins. I'm typing this on a Macbook Pro attached to a 27" Cinema Display. Apple's margins last quarter? 25.58%. Their Return on average equity was a staggering 44.81%. Now that's fat.
- zmitri 15y agoI wasn't hating, I'm a free market capitalist. I was suggesting it was contradictory of the protestor.