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But revenues are up 57% year-over-year. So if forex played a part, it had to be negative -- if they have disproportionate oversease expenditures compared to rev
by byrneseyeview 19y ago
But revenues are up 57% year-over-year. So if forex played a part, it had to be negative -- if they have disproportionate oversease expenditures compared to revenues, that would make sense. Otherwise, blaming the dollar doesn't help.
- Xichekolas 19y agoWell I'm sure that forex had a slight positive effect. My point was that it wasn't the only cause of the increased profits. The fact that revenues are up 57% and profit is only up 46% with the slight forex leverage probably signals that they are getting big enough that their margins are falling off. I would guess that is why it is only up 1.2% (as of close of market) on such a huge increase. The other reason probably has to do with the generally bad day on the market today. Of course, seeing it around $650 makes me wish I hadn't sold all mine at $425. ;)