MEZ News: Returns At Meridian Energy (NZSE:MEL) Are On The Way Up - 10th Oct 2022, 2:37pm

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There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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 on that note, Meridian Energy (NZSE:MEL) looks quite promising in regards to its trends of ret...

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