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If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. So while Codan (ASX:CDA) has a high ROCE right now, lets see what we ca...
>>> Read more: Codan (ASX:CDA) May Have Issues Allocating Its Capital
>>> Read more: Codan (ASX:CDA) May Have Issues Allocating Its Capital
