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Re: chambers52 post# 58649

Wednesday, 06/06/2012 6:39:35 PM

Wednesday, June 06, 2012 6:39:35 PM

Post# of 232507
I wonder if Mr. Reid meets any of Mr. Buffets criteria?

Warren Buffett has identified aspects of management that he looks for in companies in which he invests. They include:

Buy back of shares where the buy back is in the company’s interests, for example where the company has surplus funds and the shares can be bought back at less than intrinsic value
Capability in allocation of capital
Managers who stick to doing what the company does best; ‘the best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.’
Ability and readiness to tackle tough problems as they arise
The use of retained profits to increase company profitability at beyond market rates
A conservative approach to debt and liquidity
Demonstrated ability to consistently grow company earnings and rates of return.