GNE News: Returns At Genesis Energy (NZSE:GNE) Appear To Be Weighed Down - 16th Jun 2024, 6:01am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think Genesis Energy (NZSE:GNE) has the makings of a multi-bagg...

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