I’ve been in supermarket refrigeration and HVAC service for the better part of 3 decades… in the NY metro area.
$30mm for a supermarket that isn’t supermodels scrubbing fruit with diamond brushes and serving you caviar in the aisles is actual insanity.
For the refrigeration and HVAC part we’re getting $60-110 a square ft. And we’re the most expensive aspect of the install by a lot.
This is another case of people who have no idea what they’re talking about looking down their noses and shutting down discussion of insane spending in the name of leftist policy.
@kingkongistvan@DBGyt_ She can’t possibly be so daft as to not know whomever is selling the item for $100 is not pocketing all of that money. Be it ‘the league’ or whomever.
@kingkongistvan@DBGyt_ I believe she’s using ‘the league’ to represent ‘everyone making money from this’ not as granular as ‘the NBA itself recognizes all the revenue from a jersey sale’. I think, as insane in practice as it is, she wants 50% of the gross which, in this transaction, is $100.
@Dr_Bubbles@DDS_MINN@DBGyt_ I think she is also likely using ‘league’ more generally to represent ‘anyone who makes money in this enterprise’. I think she’s focused on getting money at point of sale rather than downstream from the league. I’m not sure she makes a differentiation of the two.
@Dr_Bubbles@DDS_MINN@DBGyt_ The league no. But the gross revenue of the sale is $100. Again. I am not debating that she’s completely mistaken about how much the league gets or any of what goes into the cost. But the gross revenue of a $100 sale is $100.
@DDS_MINN@DBGyt_ They don’t. No debate here. But what she’s SAYING (regardless of feasibility) in her head and the terms she’s using are ‘factually’ correct. If they sell a jersey for $100 that’s gross revenue. A 50/50 gross revenue split would represent each side sharing $50 of that sale.
This is probably a fair assessment to explain most of the current (relatively hot but not meme stock) action. I’m still a bit skeptical seeing a lot of pundit class talking heads quick to Pooh-pooh this. If Iran start hitting. Infrastructure this will likely blow through 90+.
There’s the Brent crude chart.
BIG pop to $82/bbl, pretty rapid pullback to ~$79. Still a very hefty $6 gain.
Main reason it wasn’t a bigger jump was that we went into the weekend positioned *extremely* bullish—many of the people who would be buying on Iran risk already bought.
@KevMVickers Someone big is trapped other side of this. Talking heads, pundits, and their pals are all peppering the wire with making a point that the initial move is ‘muted’. Something’s fishy here.
Plenty of hot takes trickling out into the impending open saying ‘oil will go up in the short term but…’. These people (& their friends) are quite obviously trapped on the other side of the trade into the weekend with varying time horizons hoping you don’t make them pay to get out.
Don’t be fooled by their ‘rational’ approach conceding the obvious price spike that’s coming but offering caution about a longer term view of energy.
If you got in for a trade then book the win, preserving profit levels at your discretion and keep it moving.
If your thesis had a longer timeline then you obviously accounted for the possibility of weekend’s events before you entered the trade. You’re the people they’re trying to scare off. Review, update your model(s), and act accordingly.
@LukeGromen@a2bek Do the math for a moment…. Even if they worked 40 weeks only at that rate you’re talking $800k burden pretax and with no benefits and no overhead. There’s not a single project going in the world that could theoretically handle that.
@LukeGromen@a2bek Okay, I’ve been doing it for 30 (which is irrelevant but since we’re using that as a metric)….Grew up in it. Been in the field and now selling and managing multimilllion dollar projects for private and government. No one is paying that for an HVAC tech per hour as a salary.
@LukeGromen@a2bek Be sure to. He’s lying. I’m sorry this is my business. I deal with national unions and employ top techs in the NY market. No one is getting over $65-75 an hour for service and more than $100 for construction.
@may967873@a2bek No one. Exactly zero people. I live in one of the MOST expensive markets in the world. I get $225-275 an hour for our top chiller guys for service. Their union package with them getting paid over scale is $80-90 an hour ($60-65 pretax in pocket).
@a2bek And no company in their right mind is going out the door at that low a margin where the tech is pocketing $500 and they’re making $100. What kind of asinine business model is that where the field guy makes 5x the risk taker?
@a2bek This isn’t misleading. It’s outright wrong. $500 in pocket means the company’s cost per hour is AT LEAST $550-600 with overhead and other items. Even at a shitty 20% margin you’re selling his time at $700 an hour. Zero people are paying $5600 a day for a HVAC tech.