• Tavarin@lemmy.ca
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    1 year ago

    It’s 4% for Loblaws, and when the profit is billions it does matter.

    • Aux@lemmy.world
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      1 year ago

      It doesn’t, because you still have a tiny margin. Get one bad year and your business will be wiped out.

      • Tavarin@lemmy.ca
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        1 year ago

        Not when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.

        • Aux@lemmy.world
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          1 year ago

          No, it can’t. 4% loss will wipe out everything they’ve earned. That’s the problem with low margins.

          • Tavarin@lemmy.ca
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            1 year ago

            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?

            • Aux@lemmy.world
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              1 year ago

              Because you don’t understand economics and act like a 13yo kid.

              • Tavarin@lemmy.ca
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                1 year ago

                Because you think the board should take the profits and be billionaires.

                I clearly understand economics better than you, because Loblaws could easily survive years running at a loss given the BILLIONs in profits they currently make annually, and the billions their owners are worth.

                • Aux@lemmy.world
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                  1 year ago

                  You certainly don’t understand economics… Why do you even argue then?

                  • Tavarin@lemmy.ca
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                    1 year ago

                    Clearly you don’t, since you have no concept of how much money billions is.