Replies to post #206231 on Sulja Bros. Building Supplies, Ltd (SLJB)

[Stock H.O.G.]

I think the revs for SAMs last year were about 6M, but business seemed to be much better then. That's why they are trying to expand into other towns/cities in Canada.

[MrGoodBuddy]

sandbath, you are still missing the point... $6MM in sales does NOT equal $6MM in profit... Come on, my brother in-law is a dentist and makes about 40% of revenue in profit, I own a real estate co and make about 25% of revenue in profit, my friend owns a casino and makes about 7% of revenue in profit (because they do alot of revenue)... Dont get the GROSS SALES confused with the profit margin!

[gdb81]

Home depot does about 7% on sales, I highly doubt SAMs can out compete that, so they were probably earning about 300k-400k a year with that 6 mil in revenues.

I would say with the downturn to 4, they have to be operating at a substantial loss unless they've started letting employees go and cutting into non-COGs expenses