The Picard Maneuver@startrek.website to White People Twitter@sh.itjust.works · 8 months agoBlack Fridaystartrek.websiteimagemessage-square109fedilinkarrow-up1736arrow-down124
arrow-up1712arrow-down1imageBlack Fridaystartrek.websiteThe Picard Maneuver@startrek.website to White People Twitter@sh.itjust.works · 8 months agomessage-square109fedilink
minus-squareTavarin@lemmy.calinkfedilinkarrow-up9arrow-down2·8 months agoTell that to Loblaws with it’s multi-billion dollars a year in profits since lockdowns.
minus-squareEmpricorn@feddit.nllinkfedilinkEnglisharrow-up9arrow-down1·8 months agoSomeone should sue them, then! Let’s see how he feels when someone lobs a law bomb at Loblaws’ Bob Loblaw.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down3·8 months agoIt doesn’t matter what their profit is if their margin is only 2%.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up3arrow-down1·8 months agoIt’s 4% for Loblaws, and when the profit is billions it does matter.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down3·8 months agoIt doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up4arrow-down2·8 months agoNot when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down6·8 months agoNo, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.
minus-squareTavarin@lemmy.calinkfedilinkarrow-up3arrow-down2·8 months agoYes it can, they’ve been making billions in profits every year for years. Unless they are morons and frittered away the profits, they absolutely can run at a moderate loss for years. Why are you defending billionaires?
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down5·8 months agoBecause you don’t understand economics and act like a 13yo kid.
They do
Tell that to Loblaws with it’s multi-billion dollars a year in profits since lockdowns.
Someone should sue them, then! Let’s see how he feels when someone lobs a law bomb at Loblaws’ Bob Loblaw.
It doesn’t matter what their profit is if their margin is only 2%.
It’s 4% for Loblaws, and when the profit is billions it does matter.
It doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.
Not when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.
No, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.
Yes it can, they’ve been making billions in profits every year for years. Unless they are morons and frittered away the profits, they absolutely can run at a moderate loss for years.
Why are you defending billionaires?
Because you don’t understand economics and act like a 13yo kid.