August 27, 2008

Commodity trading book - The good growth com- panies will return upwards of 12% net after taxes on net worth each year.

6.Annual increases in net profits of 15% or more. 7.Plowback of earnings. Most growth companies pay out in cash dividends less than 40% of net, retaining the balance for expansion. Some companies, Texas Instruments for example, customarily pay no cash dividends at all and reflect the rise in net worth by stock dividends.


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