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To: Zeev Hed who wrote (15464)4/18/1998 6:14:00 PM
From: yard_man  Read Replies (1) | Respond to of 18056
 
>>their return on assets<<

Makes sense to leverage any business a little more if you can continue to grow it at a good clip and sustain profitability. I agree with that. One has to be forward looking, though. You can't make static assumptions about returns on assets, right? Not meaning to be annoying. Your arguments seem well-reasoned to me.

A lot of other companies are not as well positioned as MRK and IBM, perhaps? Current returns on assets are not necessarily a good indicator of those expected in the near future?