Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Management is committed to the shareholders, the owners of the business. They create value by generating economic returns that are greater than the cost of capital employed in the businesses. I've always admired management teams that can actually focus and execute this concept.

Here's the report card that measures economic profit over the last 5 years in A$:

1995 $865M
1996 $999M
1997 $1,312M
1998 $1,465M
1999 $1,703M

Yes, it's true that the relationship of the USD vs. the A$ has diminished these returns when translated back to USD's.

The U.S. lately, has pretty much stole center stage globally from an investment standpoint. Maybe during the Sydney Olympics global investors will take notice of this financial gem.

Glad to hear things are going well for the National in Europe.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.