If you take the responsibility seriously, recommending any stock is a genuine risk. After all, mutual fund managers who can pick 51% winners—even with all the research and analysis resources in the world—are considered real gunslingers. For me, if a stock doesn’t meet all of my requirements, it goes on the Watch List, not into the portfolio. That’s why I won’t be recommending 51job (JOBS), the Chinese recruiting and human resource company, for the readers of Cabot China & Emerging Markets Report. The company has lots of things going for it, including its admirable earnings line (up 300%, 233%...
