Ep 10. Post-Mortem on Breeze-Eastern ($BZC)
Focused Compounding
00:00
The Transtime Deal: A Review
When they first sell the original equipment, they don't make any money. 30% gross margin on a small micro-cut company like this just basically pays for overhead. That doesn't get you to an actual operating margin. So the whole profit contribution happens once you've got the parts of maintenance. And that's a huge- that was the business and that's the part that I say they have market power worth.
Play episode from 08:08
Transcript
