If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out 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. 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 United States Cellular ( NYSE:USM ), we don’t think it’s current trends fit the mold of a multi-bagger. Return On Capital Employed (ROCE): What Is It?
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