Your right Coaltrain, State Farm is the personification of Consumer Friendly ! You cannot find another company that does it as well as them. Maybe all of the \”Wannabe\’s\” will get the drift and follow their lead.
It is interesting that GB seems to think that the insurance company should lose all it\’s income for one storm. If that were the case there could be no security with them as an insuror.
GB, the fact that Starbucks sells coffee for more than 12 times the cost of gasoline has no bearing on whether they can still sell it at that price. ( but just not to me ) Starbucks profit margin is almost three times that of Exxon. Does that mean they are bad? Nope.
You misunderstood me. I am not envious. I like companies to make money. I was merely commenting on the anti-business rhetoric we see in the press when oil companies and insurers do make it.
I see what you are saying. I don\’t see a rate of return for the Farm quoted like the 10% quoted by Exxon. Starbucks was doing about 22% the last I looked.
Did I miss it?
Time to make some money, GB, don\’t just envy someone elses earnings. Form an insurance company and be very consumer friendly.
Your right Coaltrain, State Farm is the personification of Consumer Friendly ! You cannot find another company that does it as well as them. Maybe all of the \”Wannabe\’s\” will get the drift and follow their lead.
It is interesting that GB seems to think that the insurance company should lose all it\’s income for one storm. If that were the case there could be no security with them as an insuror.
GB, the fact that Starbucks sells coffee for more than 12 times the cost of gasoline has no bearing on whether they can still sell it at that price. ( but just not to me ) Starbucks profit margin is almost three times that of Exxon. Does that mean they are bad? Nope.
It looks like State Farm made profit of about 5.7% of revenues.
ExxonMobil is in terrible hot water for making 37 bil last year, slightly less than 10% of revenues.
Coca Cola\’s profits FELL, to 15% of revenue.
You misunderstood me. I am not envious. I like companies to make money. I was merely commenting on the anti-business rhetoric we see in the press when oil companies and insurers do make it.
Hal, I think you (like Coaltrain) read something in my comments that wasn\’t there.
State Farm took a huge hit and its profits fell. That\’s bad.
ExxonMobil was all but crucified for making a reasonable profit of about 10% of revenues.
Coke made 15% in a BAD year and nobody in Congress or the press thinks anything of it.
YUP I misunderstood. Sorry.
I see what you are saying. I don\’t see a rate of return for the Farm quoted like the 10% quoted by Exxon. Starbucks was doing about 22% the last I looked.
Did I miss it?