Wether you want to see it or not. Companies reporting
are finding the same thing, less demand by Asia.
Yeah, they are going from 20% growth down to 8% growth. Still much better, and more opportunity than the rest of the world. XIN also has enough cash and contracts right now to get them through the next 5 years, if they needed to.
Next week should be interesting. Greece has not yet defaulted, and should. The waiting is the hardest for the markets. Once they announce default, things can get going again.
Only have 5,700 shares, but wish I had more. Two other ones I like are TSEM, and SUTR. Both are ready to pop up 100%.
It's a bad market and the Chinese economy is slowing. But this stock is clearly undervalued. I don't care what happens in the next few months. This stock will in all likelihood move much higher eventually.
I agree, $ buck .60 could be very possible ;
Why would you buy on the way down, the std. rule is buy on way up once a moving average is breached from all I have been told.
I own from $1.70 and will add there again ; if it goes below then starts to go back up then sell in mid to high $2. 35% gain or better is enough to take profits not greedy just smart business since noone always get winners and if you are investing in sm. cap Chinese stocks you need to expect a loss or two.
China is out of favor in USA, and will continue to get worse, if I get this next round of profits I go to stable SCS, DUK, FMNB, PH, AM, GE, AA or other div. plays for a while.
Just my personal opinion and play..
Sorry Jeff, we're talking 2007-08, when RTO's weren't
a twinkle in any one's eye, but good try. In 2009 they
recovered somewhat for a couple months, just to fall back again to 2's. That's pretty much where it's stayed
Now there's a reason for that, besides lack of interest, which the volume shows. So I figure it's that
318m debt, which I'll be watching for in their next release.
Everyone is hung up on macroeconomic concerns. You're getting a company selling at 2 times earnings, that recently paid a dividend, is selling at a quarter of book value and is growing earnings at 50%. HELLO!! It is a screaming buy!!
Yeah, but there "slow" is growing faster than the US at this time. Also, XIN deals a lot in middle/lower income communities, which are still growing. I'm not worried.
For the last 6 weeks I have said that we'd get back down to $2.00 a share. Hopefully that is it, and we can now creep back up, and add a nice gain, when earnings are announced next.