Primo Water Corporation released their quarterly results and once again were unable to post a profit selling water. Granted I’m pushing a bit of a joke here in wondering if you can drive trucks around town selling customers water for profit, I’m sure somebody out there does just that. In fact Primo actually sold almost thirty million dollars in water and services.
What always gets me though about these types of reports is the year after year reporting of losses meaning year after year a company couldn’t make money selling their product yet year after year they are able to stay in business. I can remember from years back being told by an accountant that the first rule of any business is to not make a profit because profit means you pay Uncle Sam more money.
Click here for the text of the 2014 earning conference call.
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