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Strategies & Market Trends : Value Investing

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To: FJV who wrote (42680)5/17/2011 10:39:50 AM
From: Madharry1 Recommendation  Read Replies (1) of 78476
 
GFRE- I listened to the Q&A part of the conference call. the questions seemed better than the answers. I guess the principal sounds like a typical entrepreuner, he wants to grow the business long term, and doesnt really want to sacrifice a long term plan for the clearly advantageous alternative use of the cash to buy back shares. When someone put on him on the spot though and asked him if they were still dithering about buying back stock or were actually planning to do so he replied that they intended to buy back stock or they would not have announced a share buy back. To me that means that there will be some sort of buy back but most likely more modest than investors like me would hope for. If any of you are interested in buying gfre shares I strongly suggest you listen to conference call. Its a bit time consuming but on the recorded one you can skip over the lengthy chinese exchanges.
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