Nice post, Anax.
Even though Wall Street is compulsive about margins, I've not been terribly concerned about short-term GM percentages per se for ONSL. Much more important are the dynamics of its overall business model. Here, we consider factors like inventory turns, fee-based income, cost structures, customer persistency (repeat buying), product category leadership, brand development, traffic growth, software technology, global initiatives, and the like.
ONSL is addressing these metrics and handsome results should follow. As I see it, the GM is "tweakable" over a period of time. Just look at DELL.
BAM |
