Replies to post #417 on AS IRON SHARPENS IRON

[RandyKCMO]

A stock that I follow but don't own is FUQI. They're the 3rd largest jewelry wholesaler becoming retailer in China....

If I'm not mistaken I believe they fit your criteria of both reveneue growth and retained earnings as cash. I don't have time to confirm, but if memory serves me correct I think they have $5-6 cash and are trading at the level presently.

Randy

[MikeDDKing]

I disagree that a growing company is by definition one with a lot of cash. There are companies that are recession resistant that are growing. IMO that is the place to be. My examples are ALIF, EGMI, IECE, DAAT, RBCL, and STVI.

I will agree that balance sheets are very important in this environment. For example, if one is buying a growing company that needs to do a private placement or secondary offering to have sufficient funds to grow, there is a significant amount of risk. It likely would be difficult for that company to obtain funds or at least to obtain them on reasonable terms.

Mike