As you could see in part I there are some things to think about.

1.Why Warren Buffett doesn't play turn around ?    (DHOM)
2.Why Warren Buffett doesn't like cigar butts?        (HDL)
3.Why Warren Buffett doesn't like difficult stocks?   (NFI)
4.Why Warren Buffett doesn't like commodities businesses ?  (CHK)

Price of CHK     in 1994 it was $0.5,
                      in 1996 it was $33,
                      in 1999 it was $0.7,
                      in 2005 it was $33,
                      in 2010 it can be $0.5 
 
Should you hold stocks like CHK forever or never ?


Warren Buffett doesn't like these stocks because their business has to generate bigger FREE cash flow.