Sulja Bros. Building Supplies, Ltd (SLJB)

[toddeholden]

i question the assumption that the 15% margin continues to be the same for sam's while sales have fallen 40% MOM. there are fixed costs to consider. a significant portion of overhead for a retail operation are fixed, not variable. just because sales go down, doesnt mean your margins stay the same. i think it is dangerous to assume sam's is even profitable right now.