4 ms·
For a company, making a profit is the company saying across all of our divisions, on all the work that we do, we couldn't find a single initiative that we belie
by shalmanese 4y ago
For a company, making a profit is the company saying across all of our divisions, on all the work that we do, we couldn't find a single initiative that we believe will return a higher risk adjusted ROI than paying down debt/putting money in a bank account/investing in index funds/returning money to shareholders.
When you have an order book 100,000 vehicles deep, the last thing on your mind should be making profits. There's obviously thousands of different projects at the company that are going to be returning wildly higher ROI than public markets and you should be spending your money on exploiting those opportunities.