MarketBeat had two posts on profit margins yesterday (links below) and I, thinking that we had posted the last word* on the topic [tell them about your modesty -ed] figured that subject had been beaten to death.
Here's Vitaly Katsenelson's ContrarianEdge bringing home the money quote in "Margin Shrinkage – It Can Happen to You":
Well there you go.
Here are the two MarketBeat pieces:
The Great Debate on Margins: Can They Keep Going Higher?
which was followed by
The Great Margins Debate: Another Analyst Says Don’t Worry
*Dec. 29, 2010
"S&P: CORPORATE PROFIT MARGINS TO BE SQUEEZED IN 2011"
Nov. 30, 2010
"Corporate Profits: What the Current Level Tells Us About S&P 500 Returns Over the Next Five Years"
Nov. 11, 2010
President Obama Has Been Very Good For Corporate America