mengxu

I put mature but I remember it saying paying a dividend and high ROE which would relate to the transition phase.

"this phase, earnings growth rates may be above average "

"often resulting in positive free cash flow and increasing dividend payout ratios"

It's irrelevant now. It's on pg 330 in the equity book



Edited 1 time(s). Last edit at Wednesday, May 19, 2010 at 01:57PM by JP_RL_CFA.