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Re: A deleted message

Saturday, 03/19/2011 11:43:14 AM

Saturday, March 19, 2011 11:43:14 AM

Post# of 49066
Greenhorn cost of the app co's revenue is 95%. That leaves only 5% for net before parent co expenses.

If you read the sentence about low margins(profit), you may see what I mean. They do not have 95% profit on this at all.
It would likely be even lower than 5% profit, with all the other charges accounting rules allow them to take even after 95% cost of sales is accounted for.
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