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To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at AGL Energy (ASX:AGL), it didn't seem to tick all...
>>> Read more: AGL Energy (ASX:AGL) Hasn't Managed To Accelerate Its Returns
>>> Read more: AGL Energy (ASX:AGL) Hasn't Managed To Accelerate Its Returns
