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Or hope to improve returns on capital by cutting R&D spending?
Ms. Warner and other analysts also said network upgrades were largely complete in the industry, which should further improve returns on capital.
Mr. Sondike would not say whether the Mutual Series funds, formerly run by the activist investor Michael Price, had put any pressure on Bear Stearns management to improve returns on the firm's lagging stock.
Management have taken significant action to improve returns on equity – targeting top quartile underwriting returns, redomiciling to the Netherlands – and we think the shares should re-rate as the benefits emerge.
He has been buying gold-mining companies not because gold prices are rising, he said, but because rapid industry consolidation will likely improve returns on capital for the remaining companies.
Rubbish: by historical standards – ie norms prevailing 20 or 30 years ago, before bankers saw that more leverage and more risk was the easiest way to improve returns on capital and pay themselves more – it is not excessive at all.
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Youve seen revenue accelerating, margins improving, improving return-on-capital metrics.
The pharmaceutical industry is facing key challenges to improve return on R&D investment.
Morrison's growth prospects and ability to improve return on capital employed is limited by the loss of their budget orientated customers to the rapidly growing discount sector.
New management has taken aggressive steps to improve return on invested capital, Mr. McCrickard said; he expects earnings per share to grow 25percentt a year, on average, for the next three years.
Mike Dennis at Cantor said: Morrison's growth prospects and ability to improve return on capital employed is limited by the loss of their budget orientated customers to the rapidly growing discount sector.
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