I have been disappointed by supposedly "no-brainer" before, so I won't use this appellation for Nepstar. Anyhow, if I know how to read a balance sheet and to evaluate a business model, I don't see how we could miss by buying this stock at the current price.
I wish luck to everybody who is long on this board.
Talking about the dividend, while it's true that it is paying a great one this year, one has to take into account that it exceeds net profit for 2008. So it should be viewed as a special occurence. Let's hope for a nice, fat, regular each quarters in the years ahead.