@HK1
Thanks for your informative post. I get the sense that you think I was being critical of ARB's capital allocation decisions. Let me make it clear that I was not. Their track record here is exemplary. And it's a long track record.
I was simply trying to make what I might call a "mathematical" observation of some of the things that might be driving the changes we are seeing in ROE.
I find it more educational, and more beneficial over the long term, to maintain a clinical approach to company analysis and discussion. Instead of giving some "fan club" support, I will just say that there is a reason I have been a shareholder for close to 2 decades.
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@HK1 Thanks for your informative post. I get the sense that you...
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