James Edison: margins understate costs

- James Edison argued many reported margins omit hidden costs like time and software, understating true margins by roughly 12–18 percentage points. - Víctor Paytuvi recommended prioritizing profitability tests on the 80% of products that drive revenue, where a 10% margin improvement equals about an 8% topline lift. (x.com 1) (x.com 2) - SOIC Research added that managements often hold conservative EBITDA/kg guidance to protect sustainable margins amid arbitrage and cost volatility. (x.com)