CanBanc Income Corp CKNBF

Will CIC''s CFO ever learn ?

[sablesavoy]

that investors know that longer term stock prices are fundamentally based on : a) Return on equity (ROE): "compares 12 months' net income to shareholders' equity (book value)";and b) Return on assets, or ROA, . "It's calculated by dividing net income by total assets. Debt doesn't enter into the picture. ROA figures vary from very low numbers to 20 and sometimes higher. However, values of 7 and above will limit your selection to the top 30% of stocks in terms of profitability, which should be good enough." For technology companies, I believe, Return on Assets is more relevant since these companies are generally debt free. Five years passed but Mckinnon and Seguin never commented (much less admitted) on their poor performance as measured by these financial metrics. Seguin isn't helping grow the stature of CMA's- :silence may be mistaken for ignorance.IMHO I think shareholders must keep the heat on CIC BOD and management to make sure they dont revert to their old ways- let Mikey's departure not be in vain!