I don't think Chinese real estate will go south next year....but it might....it is a risk. Debt is modest...somewhere between Tier 1 developers and Tier 2 developers. Debt might go to high levels....but I suspect sales will move along with it or they won't increase the debt much. As far as what the market thinks.....that is usually opportunity knocking.
I think you were dropped on your head at birth. Again you tell just a fraction of the story. Let's try this. What were the profits three years ago? What was debt 3 years ago? What was the management count? What were SG&A costs? The first share buyback programme the stock was actually bought back. Not now. You have the owner going thru his second childhood. Dress to impress should be his motto. You talk about book value being $12.50. #$%$ cares? How many share prices correlate to book value. Let's see, Apple only has a book value of $19.50 but trades at $114.00. CSCO has a book value of
$11.09 and generally trades in low $20's but today is sitting around their high of the year. GILD has a book value of $9.00 yet trades over $100. So what good does it do to equate book value with trade value? None. On top of that, their assets are in China. I remember you once told the board you owned over 100k shares, my condolences........go get another 6 pack. We're all taking a burn on this one and I doubt many want to hold until the end of 2016 or longer.
That's fine, but one detail... debt. Much higher now and will get even higher. That could be the downfall of XIN if chinese RE recovery go south next year.
I don't think it will, but the market definitely think so.
--------Chinese inquiries about real estate investment in the United States surged 35 per cent this week after the two countries agreed to extend the terms of short-term visas, China's top international property portal said on Friday.
The White House announced this week that both countries have extended the terms of multiple entry short-term tourist and business visas to 10 years from one year. Student visas were extended to five years from one
year. Student visas were extended to five years from one year. -------
Three years ago XIN had a book value of $7.50/ADS......today a book value of $12.50/ADS.
Three years ago XIN had $407M in cash....today cash of 553M.
XIN is profitable today.....the only thing missing is high profits....which will be the start of the next bounce. $2.00/ADS profits in one Quarter in 2016 from just one project....Oosten.
One places a bet....take the risks of failure....and gets rewarded if correct. Or one can just BBS on a msg board like you.
Stinky says, 'Three years ago XIN started a dead cat bounce from $1.50 ........ it hit $7.40 before anyone knew the bounce was over'
There is no comparison between the Xin of today and Xin 3 years ago.
I don't need to repeat what those differences are, I've done so a number of times. Just start with profits, and work your way up to management.
Don't expect the bounce, it won't be happening.
Cool it moron, they were from 11/12/2014. If I go a little farther it would make you look like sheet. But I do not have to it, many here have figured you out as SHEET.
Well geeze, that just makes my day, but aren't you occupied with those palm
WGAF dork..................................why on earth would you waste your time looking up old post...................get a life you dork