The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[fatmanfilms]

	Quote:	Dinivan
	My eyes are bleeding from this deep economic analysis.

Clearly you never ran a profitable business, great business make something for 4 & sell for 10, average S&P 500 business makes something for 6 & sells for 10.

[Sky]

May I ask a silly question please?
I’m clueless
When does Supreme Court give an answer?

[Blueangel]

There's another day of evidence tomorrow, so Friday at the very earliest but more likely early next week. And there's nothing silly about your question. This is a unique case which is why they've gone to the full quota of 11 judges instead of the usual 9. They also did this for the Gina Miller case in 2016, and the current case is far bigger with far greater consequences. I'm waiting for John Major tomorrow as he's the most recent PM to have used prorogation for dubious ends.

[Jim2007]

Looks like Arlene is about to jump under the bus before Boris pushes her under it.

Arlene Foster signals DUP shift on Northern Ireland border issue

	Quote:
	The 45-minute meeting with Varadkar was fitted it in unexpectedly afterwards. “They discussed Brexit and the need for the restoration of devolution [at Stormont],” said the DUP.

	Quote:
	But she said the solution would recognise that Northern Ireland was unique and bespoke arrangements may be an option, something Sinn Féin has demanded since the referendum.

The DUP have a long history of getting wrong before they get it right. Now onwards towards the 20th century

	Quote:
	bet you don't

	Quote:	fatmanfilms
	Clearly you never ran a profitable business, great business make something for 4 & sell for 10, average S&P 500 business makes something for 6 & sells for 10.

I win.

	Quote:	Jim2007
	Looks like Arlene is about to jump under the bus before Boris pushes her under it. The DUP have a long history of getting wrong before they get it right. Now onwards towards the 20th century

I no more trust Arlene.. is she not taking a leaf out of Johnson's book? Look at us trying, visiting Dublin for talks and bending over backward to look reasonable.

What's that? An election coming up? An accommodating sweet smile is Arlene's answer to that question, with a few hidden tricks up her sleeve.

[Jim2007]

	Quote:	Swisstree
	I no more trust Arlene.. is she not taking a leaf out of Johnson's book? Look at us trying, visiting Dublin for talks and bending over backward to look reasonable. What's that? An election coming up? An accommodating sweet smile is Arlene's answer to that question, with a few hidden tricks up her sleeve.

Oh I think it is face saving time, she'll get some little concession that will enable her to say she won something.

I doubt the opposition will agree to an election anytime soon. The end of Feb would be good - mid winter, prices going up, shortage of some fruit and veg, everyone feeling miserable etc....

[fatmanfilms]

	Quote:
	I win.

Can we see the accounts?

[Blueangel]

	Quote:	fatmanfilms
	Can we see the accounts?

Is this a willy waving contest?

	Quote:	Blueangel
	Is this a willy waving contest?

Brexit in a nutsack.

[fatmanfilms]

	Quote:	Blueangel
	Is this a willy waving contest?

No, it's important to see if the Gross & Net profit are at least inline with an average S&P500 company. When someone believes it's clever to sell something below the price the market will pay it's interesting to see the results on the bottom line. This is something Swiss business's understand very well.

	Quote:	fatmanfilms
	No, it's important to see if the Gross & Net profit are at least inline with an average S&P500 company. When someone believes it's clever to sell something below the price the market will pay it's interesting to see the results on the bottom line. This is something Swiss business's understand very well.

This illustrates quite nicely that...:
1. FMF has no idea about pricing theory, and
2. FMF has completely missed what Rieds bet on.

On 1, pricing is a very complex issue, what the market will pay is only a part of that.

[fatmanfilms]

	Quote:
	This illustrates quite nicely that...: 1. FMF has no idea about pricing theory, and 2. FMF has completely missed what Rieds bet on. On 1, pricing is a very complex issue, what the market will pay is only a part of that.

Pepsi nearly went bust twice by price cutting v Coke. It's very rare that lowering a price will increase the bottom line. Only investing in companies with pricing power allowed me to retire at 52, I don't care about theory, I need it to work in practice.

In other news Next will make more money & cut prices with a no deal BREXIT https://uk.finance.yahoo.com/news/ne...075319942.html

	Quote:	fatmanfilms
	In other news Next will make more money & cut prices with a no deal BREXIT https://uk.finance.yahoo.com/news/ne...075319942.html

"For up to 12 months."

Devil's in the detail.

	Quote:	fatmanfilms
	In other news Next will make more money & cut prices with a no deal BREXIT https://uk.finance.yahoo.com/news/ne...075319942.html

A massive 2% (which I will believe when I see it, particularly as every Next price ends in .99).

BTW...how does that fit in with your theory about having to charge what the market will bear?

[fatmanfilms]

	Quote:
	A massive 2% (which I will believe when I see it, particularly as every Next price ends in .99). BTW...how does that fit in with your theory about having to charge what the market will bear?

Next is not a company I would invest in, 200% gearing & 18% operating margin no thanks , however good advertising

[amogles]

	Quote:	fatmanfilms
	Pepsi nearly went bust twice by price cutting v Coke. It's very rare that lowering a price will increase the bottom line.

Another textbook example is what Apple did under Spindler and Amelio. They took massive margin cuts in return for minimal growth in market share. The damage was huge and the company would probably have gone under had Steve Jobs not come back and reversed all that.

[Blueangel]

	Quote:	fatmanfilms
	Next is not a company I would invest in, 200% gearing & 18% operating margin no thanks , however good advertising

They don't advertise a lot because they don't need to. They have huge brand loyalty in the UK. In fact, they're the only clothing chain I can think of where people will still buy an entire season's wardrobe from them, or post photos of the queue for the Next sale on social media.

[Jim2007]

	Quote:
	This illustrates quite nicely that...: 1. FMF has no idea about pricing theory, and 2. FMF has completely missed what Rieds bet on. On 1, pricing is a very complex issue, what the market will pay is only a part of that.

Your only waking up to this now..... posting history, posting history....

[marton]

	Quote:	amogles
	Another textbook example is what Apple did under Spindler and Amelio. They took massive margin cuts in return for minimal growth in market share. The damage was huge and the company would probably have gone under had Steve Jobs not come back and reversed all that.

Contrariwise the Japanese companies in UK had great success with low price cars and motorbikes and today just look at Aldi and all those "outlet" stores.