.. I just thought of one more thing. Often low, or lowering,...

.. I just thought of one more thing. Often low, or lowering, margins and return on equity are a sign that a company is facing a lot of competition and is being forced to cut prices to retain or get business.

Conversely, a business that has high margins and high ROE is a usually a business with very strong competitive advantages, or limited or no competition.

However in the case of RCR I think (just an intuitive feeling from reading the annual latest annual report, hardly scientific) its a case of poor control of expenses.

Cheers

Sauced