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>IOW - These businesses are not awash in cash and profits. $2 Billion is nothing to sneeze at. Not "we make 39 billion a quarter" good but how is this not a he
by no_wizard 3y ago
>IOW - These businesses are not awash in cash and profits.
$2 Billion is nothing to sneeze at. Not "we make 39 billion a quarter" good but how is this not a healthy business that is unable to compete on their own? Grocery isn't a fast changing iterative business like software, for example
- Nifty3929 3y agoIt's all relative to scale. This is why I included the expense numbers as well. No, these are not particularly "healthy" businesses. They are getting by, no more. A small misstep or exogenous event could be a catastrophe.
- hnburnsy 3y agoSpending $1.45 to make two cents seems like a poor use of resources and we should be happy that someone is even in this business.
- asadotzler 3y agothey literally make it up in volume or they wouldn't be doing it. no one's running any charities here.