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Non-Tech : petal's Swedish stock picks
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To: Spekulatius who wrote (45)10/28/2024 7:51:46 AM
From: Spekulatius1 Recommendation

Recommended By
petal

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Thoughtdps on EVO that I posted on another board:

I think a lot of high profit margins are due to labor cost arbitrage. The average salary in operations is around 11k Euro. Most employees are from Georgia, Armenia, Latvia , Malta where salaries are much lower, but at least Armenia and Georgia introduces some political risk.



If true, the profit margins in the US where salaries are much higher should be far lower.





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