Obviously people are being price gouged, but just saying “record profits” without really being able to explain it feels like I’m just repeating what I’ve heard people say and not speaking on an informed level. What does it actually mean? Like before or after production and transportation costs? Before or after taxes? Raw product yeild? Something else?
Even that’s subject to a little fuckery, though. In absolute terms? Relative to valuation? Relative to the wider market? I imagine an actual analyst would be looking at the calculation used.