What is the worst business that you know that had super-high gross margins (let’s say above 75%)?
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Replying to @LibertyRPF
Beanie Babies - actually it was an amazing business In 1996 sales were $280 million with $90 million in pre-tax income. By 1998, Ty Inc sales reached $1.34 billion with pre-tax income of $700 million.https://microcapclub.com/2017/03/book-review-great-beanie-baby-bubble/ …
4 replies 7 retweets 61 likes -
Replying to @iancassel
Amazing while it lasted, not that amazing long term.
1 reply 0 retweets 5 likes
Replying to @LibertyRPF @iancassel
Why not amazing long term? Ty is still the biggest seller of plush in the world I think and the founder is a billionaire.
9:16 AM - 25 May 2020
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