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  • equitynovice commented on John Huber's article 08-24 10:52
    Importance of ROIC Part 5: A Glance at the Last 42 Years of Wells Fargo
    "Experience, however, indicates that the best business returns are usually achieved by companies that are doing something quite similar today to what...
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    equitynovice 08-24 11:52
    • Hello John,

      Thanks for the interesting series of writeups. I use this similar concept with various publicly listed securities and found similar results, particularly where there is consistency. But with WMT, I found the following.

      Average ROE = about 20%

      Average Retained earnings % = about 60%

      Growth should be about 12%

      But looking at book value growth, its about 6-8%. What gives?
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