Dividend Doctrine of Investors Liberation Movement
Dividends can and should be paid ONLY when the company has nil debt,
its business outlook is satisfactory, it has "surplus" cash defined as money it
can't productively use in its business, and its stock price is too high to
appropriately repurchase (meaning without making the remaining shares
less valuable fundamentally). Any dividend declaration in violation of these
four conditions is ipso facto NOT in the best interest of shareholders.
If a dividend is paid, it should be done annually to save expense, occur when
the company's cash hoard is most abundant, and timed in a manner to
minimize the tax consequence to shareholders.
Dividents are now being declared by many public companies whose shares are held
by intermediary institutions on behalf of their unsophisticated holders for completely
illegitimate reasons that the unsophisticated holders would never approve if they were
aware of the damaging effects. That's why the First Iron Rule for independent investors
and the slogan of Investors Liberation Movement is "Never buy mutual funds!"
Someday, I hope that I.L.M. can approve mutual funds operated according to
our doctrines because I realize that many ordinary people can't spend the time
to personally manage their investments.
/s/ William H. Brandt, Acting Chair
"load up"............................................only load you got is in back of your shorts and you're full of it
LOL I think the disaster has already struck.. I was hoping to avoid a disaster in February.... but not because there is no room to go lower. On the plus side.... I guess I have a better chance of winning my wager with snowman. Did we agree on that by the way?
"but not because there is no room to go lower"
Did you say that! You will get no brownie points for that from them on this MB.
You mean your another one who asks a questions, but you don't go back to the post where you asked the question? Go look :)
I know what the post says, it was just unclear to me what we had actually agreed on when you said the 'ok Im liking February' thing. That's why Im asking for clarification.
Same terms as last time?
now original listing was 40 so I say its a buy once idiot boy either just dies or someone helps him but until then I stay away from all ruskie stocks............................................but then again there is no other russian major web quite like yany
but I will give you a tip "RV says buy Nq or Xin as he likes them to go down" and thats how he makes all his money
At least no one can accuse all SA articles of being pumps! Check out the following: The Chinese Housing Market's Outrageous Price-To-Income Ratio. Pretty brutal, but nothing new I guess.
Looks like I'll be working til' I'm 100. There are worse things in life I guess!
yeah they even let RV write articles for SA, its a RAG like people mag.
Lol, I always took the term 'friendly' bet, meaning no money, lets just see what the answer will be........but sure, soup kitchens or whatever still need the money, so
ok, same terms as last time. I'm counting the $'s now that you're going to contribute. ;)
lol... well I'm fune just making it friendly then.. For the record, I don't think the terms last time involved soup kitchens, you just had me send your winnings there.
I just feel like there should be something at stake.. How about whoever loses has to 'like' every post of the other person for the next month or something.
I dunno.... mostly I'm just trying to keep myself distracted from this debacle!
Nah, they let people who have English as there mother tongue or can write very well only write. They need ussholes like you or shelly, I am not qualified because I am attending ESL.