Sino Agro Food Inc (fka SIAF)

[RealDutch]

I did some research on share buybacks a couple of years ago for Chinese small caps. 6 or 7 out of 8 crashed in the following 12 months. I think the reason is, well, first of all it creates uncertainty. And people simply don't understand that if a stock is so cheap, why management doesn't repurchase more of it. The company loses credibility. People don't understand or know about all the restrictions. In Hong Kong you can repurchase as many shares as you like as long as the stock isn't up more than 5% on a given day. But not in the US.

Garrett said, Fish & Dividends. And I agree. TRW can be the fast growing company, and SIAF the one that pays dividends. So we will have both.

You shouldn't even consider doing share buybacks.