Re: Is pharma not healthcare?
Insurance is heathcare? No, notsomuch. And insurance runs on tight margins? Again, notsomuch.
Otherwise agreed.
As a quick mental check, think about what you see advertised the most, on television, radio, newspaper, etc (I'll assume you see nothing advertised online, that means you're doing it right!). There's certain types of business that have significantly more advertising spend than others--turns out, it's because they're very profitable indeed. Insurance, pharma, and telcom companies very clearly have huge profit margins....