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WangChung

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18/04/24

15:02

Post #: 73409075
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Originally posted by boomeronrations ↑

Which , of course ,was quite incorrect.
As we should all know by now , return on equity is not a good measure of profit.
His questions were not a way of actually finding anything out.
Do you think that profit is being hidden?
I cant see any signs of that in the balance sheets.
Was McKim being dumb , or just being a tool?
I suppose he could be both.
Now the big 2 have a case to answer as far as land banking and treatment of suppliers goes, but who remembers any of that while the circus clowns are in town.

A question for all.
What should the profit be , and how should it be measured ?
And in arriving at the answer , what allowance should there be in those numbers for a retailer being better than another?
ie better technology , better customer service, better range, better treatment of staff?

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RoE can be quite a misleading measure.

Vis a vis, the more debt you have, the better the RoE.
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