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Longwei Petroleum Investment Holding Limited Message Board

  • lphreal lphreal Jul 25, 2012 8:38 AM Flag

    Common-Sense Investing (5)

    Quotes from Seeking Alpha’s article “Fueling the China Engine: A View from the Top”, authored by Commander Rydell:

    Investigator: "There is a lot of U.S. and European money being put into funds that pay a dividend since savings accounts (and bonds) do not provide an income. Paying dividends will attract institutional investors and large stock funds that can dramatically increase the price-per-share."

    Mr. Cai: "Our industry is very special. Whoever has the largest storage facilities will generally be the market leader. Once we complete the acquisition of a new facility, Longwei will have the biggest storage capacity in the Shanxi private sector. We need cash to pay the balance of this new acquisition. If we use additional cash on hand to pay dividends at this time, we may not have enough cash to keep the necessary inventory. We will consider paying dividends only after the new acquisition is completed and we have returned to a strong cash flow. This may happen by the end of 2012 or in 2013."
    ________________________________________


    It’s the first time CEO Cai confirms that management is considering paying dividends by the end of 2012 or in 2013.

    Holding stocks a little longer to reap a huge return is surely a NO-BRAINER!!

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