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But the margins on that business are not exceptional. Operating income on "outdoor" segment of their business, the one that includes the epix and fenix series w
by jeffbee 2y ago
But the margins on that business are not exceptional. Operating income on "outdoor" segment of their business, the one that includes the epix and fenix series watches and so forth, is higher than aviation segment.
- jpgvm 2y agoMargin isn't everything, it's a very stable business with a very wide technological and regulatory moat. Add to that fierce brand loyalty among pilots and it's a great business IMO. Personal electronics (unless you are Apple basically) is a pretty fickle business and fortunes can change very rapidly. Aviation? Not so much, unless you chuck a Boeing.
- jeffbee 2y agoI just always thought that given what you said — it's a good product with a giant moat — the margins would be just about infinite.
- DarmokJalad1701 2y agoAviation also represents recurrent revenue through subscriptions for database updates which could be on the order of $1000/yr and upwards.