QAN News: Qantas Airways (ASX:QAN) Has More To Do To Multiply In Value Going Forward - 4th Aug 2023, 6:35am

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What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Qantas Airways (ASX:QAN), we don't think it's ...

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