Why are there so many tall poppies here when it comes to Aussie gas?
Woodside's gross margin is 75%. Its net margin is at a shockingly beautiful 45%. 15% ROA, 26% ROE and 21% ROIC? I'm hard just thinking about it. And all this while it trades at 5x earnings and little over book? Oh lord, oh god, oh sweet jesus.
But every time I say something positive about gas on this sub, I get furiously mocked and some low-life undiversified propadee investor sitting on 3% ROA or a screeching tech bro whose portfolio consists of companies with no moat, producing an utterly useless product/service and generating no profits.
The tall poppies that inhabit this sub, and this country need to get over themselves. Taxing gas at 60%? Are you crazy?
It's time we understand that cutting down the man that's doing well won't make your life any better folks.
Woodside's gross margin is 75%. Its net margin is at a shockingly beautiful 45%. 15% ROA, 26% ROE and 21% ROIC? I'm hard just thinking about it. And all this while it trades at 5x earnings and little over book? Oh lord, oh god, oh sweet jesus.
But every time I say something positive about gas on this sub, I get furiously mocked and some low-life undiversified propadee investor sitting on 3% ROA or a screeching tech bro whose portfolio consists of companies with no moat, producing an utterly useless product/service and generating no profits.
The tall poppies that inhabit this sub, and this country need to get over themselves. Taxing gas at 60%? Are you crazy?
It's time we understand that cutting down the man that's doing well won't make your life any better folks.