KGN 0.59% $5.09 kogan.com ltd

Do you even understand how businesses work, how the profit and...

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  1. 3,563 Posts.
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    Do you even understand how businesses work, how the profit and loss statement works?

    Selling any stock down, incurs costs.

    Just like if you sell down your shares at a low price, it doesn’t mean you made money. Similarly, just because Kogan cleared their inventory at losses, doesn’t mean they made any money.
 
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