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Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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 investigating Synlait Milk (NZSE:SML), we don't think it's current trends fit the mold of a multi-bagger....
>>> Read more: Synlait Milk (NZSE:SML) Might Be Having Difficulty Using Its Capital Effectively
>>> Read more: Synlait Milk (NZSE:SML) Might Be Having Difficulty Using Its Capital Effectively
