Even when I diversified into property and later into multinational businesses, I was still vigilant about maintaining a healthy debt to equity ratio, well within the margin of errors.
Thus, prices exceeded corporate earnings growth by a considerable margin and expanded stock valuation as measured by the price-to-earnings ratio (PE) from 14.5 PE to 16.2 PE.
Other examples of profligacy are too numerous to detail but suffice that SandRidge has, by a large margin, at over 7.1% of its market cap, the largest general and administrative expense ratio of all its peer group.
Not only that but the industry cost-income ratio also fell to an average of 79.76% down 1% from last year while margin pressure increased across different performance measurements.