Great companies in the long term, many of them. ARP, EVEP and BBEP to name a few.
Without profit margins wide enough to sustain expansion, industry must inevitably contract to the point where the influx of earnings still equals or exceeds the costs of operation, or it turns into a death-spiral that ends in liquidation or bankruptcy.
Just as stark and simple as that.
Even greedy fatcats end up starving out if the pace is not sustained. But greedy fatcats are the ones that hire people and provide the amenities of life for everybody.
No poor person ever hired anybody for anything. If you consider yourself “poor” and still are hiring someone else, then you are not yet truly poor.
But you will be.
te. “Consider that commercial-grade dump truck tires can cost half a million alone, and must be replaced once
They need new drivers not new tires