RBC Capital Markets Examines European Consumer StaplesVW Staff
A recent study of the European consumer staples sector by RBC throws up some interesting findings, especially in light of the underperformance of the sector in 2013 as shown by the following graph:
So, what gives?
RBC found that over the last decade, a company’s ‘Return on invested capital’ (ROIC) really had no correlation with how the stock performed in the market . . .
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