Originally Posted by
Doug Garson
I predict they will not repeat that next quarter, some (fill in whatever you want to call them) have a years supply in their garage. One can only hope that at the end of the day they do not profit from their greed.
I agree their sales will probably be down for quite a while. In the end, it'll average out.
Why would you call a manufacturer making money off of panic buying "greed"? I'd bet their prices didn't go up to their large wholesale customers due to strict contracts. Their profit is probably a result of a large increase in demand and production volume to satisfy that demand. Would you expect a company to give it away or sell it for a loss or break even price? Further, IIRC the same article indicated the business lost money last year.
This company isn't the guy who ran into a local retail store, Costco or Sam's Club, bought a huge supply and is now hawking it curbside at the commuter train station for 20X retail price he paid. Sheesh!
Ken
So much to learn, so little time.....