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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Spark New Zealand (NZSE:SPK), they do have a high ROCE, but we weren't exac...
>>> Read more: Spark New Zealand (NZSE:SPK) Hasn't Managed To Accelerate Its Returns
>>> Read more: Spark New Zealand (NZSE:SPK) Hasn't Managed To Accelerate Its Returns
