Three years ago, CSU had ~$8 Billion of invested capital with 17.0% LTM ROIC. If a genie came to you then and told you in the next three years CSU would deploy incremental ~$8 Billion capital while maintaining their overall ROIC, you probably would think that was your lucky day! Well, not quite. The stock is almost flat for the last three years despite delivering results that should be quite satisfactory to most bulls. In case you needed another reminder “investing is hard”, let this be a good example.