Returns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we’d want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it’s a company with a great business model and plenty of profitable reinvestment opportunities. So, when we ran our eye over La-Z-Boy’s (NYSE:LZB) trend of ROCE, we liked what we saw.

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