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Let me share a little bit about my insight - 1. First, when i buy stocks, i want those business which is economic proof, meaning to say even during crisis, the business still able to run.
2. I checked past 10-20 years, if their ROE stay around 15-20 stably, with either dividend payout or share buyback, even better if both.
3. The company is significant player in the industry.
IMHO, the most importantly is 产业地位不变（Thank you Mike and Joe teaching us this!), then there is a potential business for the company.
The board of director and CEO should know what are they doing. That's the reason they are doing their job, not me, not you.
If anything happen, the board of director will question them, and most importantly, they will fix or even change the CEO. As long as business potential is there, board of director can still hire good CEO to rescue the company.
I believe board of director normally has better experience than the CEO.
One thing about US companies is their dividend tax is high, so share buyback can save the money on taxation. That's the reason BRK never pay dividend.
Back to your questions, i do not know and maybe the best way to answer you is to email their IR.
I have to admitted that i have no enough time to consider so much and check on all these details, so i have to do it in a simpler way.
Hope you get your answer soon!
Good luck on investing! Have fun!
[ 本帖最後由 tcf127 於 2014-4-9 09:37 編輯 ]
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