" good return on equity" ..... REALLY ??
NO !!
here are the annual ROEs for the past 10 yrs up until 2018/07
8.5 6.5 5.7 6.0 6.1 3.9 6.1 6.6 7.9 10.5
hooray, they finally made it ( just ) to double figures.
I would not call these figures good in any way shape or form !!
lots of people would argue that companies generating ROEs in single figures
are not worth investing in.
Simply put, ROE indicates how well management is employing the investors' capital invested in the company
( Investopedia 2018 )
News: SOL Norway sovereign fund excludes three more firms from portfolio, page-18
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