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Strategies & Market Trends : Value Investing
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To: Trader2015 who wrote (55344)5/23/2015 9:10:56 AM
From: MCsweet  Read Replies (1) of 78743
 
GURE,

I once owned the stock years ago. These guys have had many years to do something for shareholders but I never saw them do anything. If I recall correctly, they have announced shareholder buybacks in the past but never followed through.

I am not against all Chinese stocks. I will buy them, but they have to "show me the money" (dividend or buyback) and make other good financial decisions. If management won't run the company in my interests, the balance sheet doesn't matter so much IMO.

That being said, I wish you good luck in your investment. If you notice they actually implement some shareholder friendly actions, actions that show they can be a good steward of capital, I might follow you in :)

Good luck,
MC
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