."In all likelihood, Trump will be voted out of office in 2020"
OnenotablecommentItookfromtheletterwastheonebelowregardinggettingtoprofitabilityandtheTrumptariffs.Inalllikelihood,Trumpwillbevotedoutofofficein2020andthosetariffsmayberemovedbythenewlyelectedUSGovernment.Ifthathappensitwouldbeamajorboostforthebottomline.Let'shopethegoodpeopleoftheUSAvoteDemocratsin2020.
"GettingtoProfitabilityI’moftenaskedaboutthepathtoprofitabilityforLIFX.Itisinstructivetolookfirstatlastyear,andthenturnto2019.Lastcalendaryear(CY2018revenuesofA$38.5M),LIFXwouldhavebeenprofitablewereitnotfor1)theunexpectedadditionoftheTrumptariffs(whichtookastandard2.5%importtarifffromChinatotheUSupto12.5%-rememberingthattheUSisthesinglelargestmarketforLIFX),2)theadditionalcostofairshipments(vs.seashippingwhichcostnearlyA$1Minadditionalshippingcharges)and3)nearlyA$10Mofordersfromretailersthatwereunabletobefulfilledordelayedduetocapitalrestrictionswithsupply."
Thank you so much for the best laugh I have had in a long time. This is hilarious!
Name any US economic metric you like and they are likely near or at all time best levels under the current administration.
- Forums
- ASX - By Stock
- BUD
- Ann: CEO letter to shareholders
Ann: CEO letter to shareholders, page-7
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online