Anyone look at the price action in 2008/2009?
Remarkable when you compare to today, it dropped hard to under 2, shot up quickly to over 2.5, dropped hard back under 2 again, and then climbed over 7 while the US market completely fell apart.
History about to repeat itself?
And XIN wasn't even reporting great earnings back then...
Earnings have been growing rapidly. The Chinese economy has been growing rapidly. As in any investment there is a risk of failure. But this stock is a close to a slam dunk as you get in investing. Of course even slam dunks can be missed.
what is earnings get halved because of this???
We go to 50 pennies right lol??
It's really straightforward. Stocks normally sell for at least 10 times earnings. If earnings increase to $2 then this stock should sell for 20. It's not too much to expect earnings to double in five years.