bounce: comments please, page-28

lets be realistic here. when Gann is shown to be wrong ie zfx PE is 5.2 not 12.66 that is a huge error, he doesnt say 'sorry guys i got it wrong or i looked at the wrong figure or i dont know what a PE is and how its calculated', he just changes the argument.

well we will debunk that ridiculous argument.

BHP Return on Assets (ROA) 32.07% zfx ROA 52.56
BHP Return on Equity (that means assets less liabilities) ROE 58.79% zfx ROE 75.05%

so zfx 64% better return on assets but their return on equity is only 27.6% better than bhp.

so while you throw a ridiculous figure of 20% around which is plucked straight out of the air and have not researched or compared it to anything effectively zfx are quietly achieving outstanding results and returning excess capital to shareholders. Please not that BHP are doing the same thru their share buyback with $10 billion i think.

andrewe