InvestorsHub Logo
Followers 16
Posts 1924
Boards Moderated 0
Alias Born 09/16/2006

Re: shotsky post# 76768

Monday, 02/05/2024 7:34:30 PM

Monday, February 05, 2024 7:34:30 PM

Post# of 87073
they absolutely are not broker and they were explicit about it

They buy then sell it

You are assuming 1-2 percent net profit but with gross margins of 18 percent that is a very low ball assumption imo

I honestly believe it will be closer to 10 percent net but we shall see

Most brokers will earn 2 percent but this is not a brokered contract. The contract includes shipping as that is standard for all commodity contracts so the difference between gross and net is really a lot less than 16-17 percent