As you can see, with ~$700M in revenue, the company still reports an operating loss. The company has grown its costs base almost as fast as its revenues, which gives me some pause. Even General and Administrative costs, which often have the most operating leverage, have increased to become a larger percentage of revenue. Now, the company might have... See more

You can see on the chart that it was similar during other dollar spikes from 1983-1987 and 1996-2003; dollar spikes are historically bad for U.S. corporate profit growth and this third one is no different.

This latest bout of corporate stagnation has been somewhat masked by higher equity valuations, corporate tax cuts that boosted after-tax profits,

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