Tue, Oct 21, 2014, 12:16 PM EDT - U.S. Markets close in 3 hrs 44 mins

Recent

% | $
Quotes you view appear here for quick access.

China Housing and Land Development, Inc. Message Board

  • h_grant_h h_grant_h Apr 5, 2013 10:26 AM Flag

    Got my re-entry this morning

    I was worried I wouldn't be able to get back in after sold at $2.25 yesterday. I got swing out of HGSH, and regret ever since $6. Not this time. CHLN looks to me a better play for the long haul.

    I have a $4 target, at least, for CHLN in 2013. But first, we need to trap the shorts. It is going to be the same play as HGSH. I didn't believe it would happen. I was wrong.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Reviewed my original post here, first time, on Apr 5th, when I reloaded my position of 10,000 shares at $1.6. But the stock actually dropped to $1.52 briefly.

      My assumption was that the company would report upward earning, around 15c in Q1.

      Looked at today's earning report, the numbers were good, but not impressive. I don't think the buyers would be overjoyed. There're still overwhelm negative sentiments against those Chinese stocks. Look at XIN, reported 31c for Q1. But the stock was sold off! On a annualized basis, 31c/q is on pace to $1.2-1.30/share eps. So, the stock is priced at a P/E of 4 -+.

      Really? That means, CHLN is fully valued at $2 for the same kind of metrics. I don't know. XIN is paying a 5c dividend, and that makes XIN a better hold for the long haul. As a result of this analysis, I sold out rest of my position at $2.38.

      I need to have a better valuation for those Chinese bets. And I'd like to see CHLN retest $2.

 
CHLN
1.43+0.03(+2.14%)11:48 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.