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Zero leadership is being shown on 420 jokes by people who have been anointed by Twitter with a Blue Check Mark ®.

You know who you are. What's up with that? It is April 20.
It's not like Blue Check Marks don't have great material to create some 420 jokes. For example:

"Marijuana operator Medicine Man Technologies rebrands as Schwazze and “marks the next stage of our strategic growth." mjbizdaily.com/marijuana-oper…
25IQuiz: What challenges does this business (Schwazze) face?

"Total revenue was $3.3M during the three months ended December 31 2019

Cost of goods and services were $2.1M

Operating expenses were $6.7M.

Extra credit: What is "derivative compensation"?otcmarkets.com/stock/MDCL/new…
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Tren Griffin
@trengriffin
Why is movie theater profit margin so low? A better question might be: Why isn’t it negative? Studios know if they raise the wholesale cost of film rentals much more the theaters will go bankrupt, which would kill that distribution channel. See my post: 25iq.com/2017/12/30/mov…
2/ Studios want movie theaters to continue to exist. But if theaters "re-open" and customers don't show up, all bets are off.

"Even prior to bankruptcy, we were spending over 30% of our revenues on lease-related expenses while studios ended up with 60%." bisnow.com/national/news/…
3/ I learned this from John Malone in the 1990s:

Wholesale transfer pricing power = bargaining power of company A that supplies a unique product XYZ to Company B which may enable company A to take the profits of company B by increasing the wholesale price of XYZ.
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Tren Griffin
@trengriffin
25iQuiz: Explain the trade offs Epic Pass owner Vail Resorts made in its creation of the new offer for a season's pass for skiing. Be sure to consider cash flow impacts of pricing, including discounts. How do they deal with risks of a 2nd wave closure? bizjournals.com/denver/news/20…
2/ "Vail uses effective ticket price (ETP), which compares lift revenue to the total number of skier visits. Between fiscal 2014 and fiscal 2018, ETP increased 22.5% cumulatively, which shows how effective the company has been at squeezing more revenue out of each visitor."
3/ "IKON to get people to ski as much as possible: the revenue split is 50/50 between hospitality and tickets. Hospitality includes food, ski school etc. Today, 40% of skiers have passes, whereas traditionally, the number was 30%."

Chart is EPIC Pass:
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Tren Griffin
@trengriffin
One error of omission on my part was not shorting robocalls weeks ago. It was obvious call volumes would drop due to the unavailability of call centers to handle people who return calls or "press 1" when called.

I was distracted by fears about humanity. prnewswire.com/news-releases/…
"The volume of robocalls nationwide has plunged as overseas call centers have closed for lockdowns and social distancing."

Robocall unit economics are terrible now since they can't convert their leads! This is a classic conversion rate problem.

latimes.com/business/story…
This reduction is robocall unit economics couldn't happen to a more deserving collection of septic tank scum. Robocallers are being hammered by COGS and CAC, so we've at least got that going for us, which is nice.

Robocalls are far from gone though.
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