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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'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. And in light of that, the trends we're seeing at Technology One's (ASX:TNE) look very promising ...
>>> Read more: Investors Should Be Encouraged By Technology One's (ASX:TNE) Returns On Capital
>>> Read more: Investors Should Be Encouraged By Technology One's (ASX:TNE) Returns On Capital
