Quote:
Originally Posted by Jim in CT
Spence, you're saying that a profit margin of 18% is not high enough to get upset about? OK...so why do liberals incessantly attack health insurance companies, whose industry profit margins average about 5%, which is on the low side for American businesses?
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Gross margin not net. Nobody in their right mind would buy a house to flip if all they thought they'd make was 18% before expenses.
-spence