new metric at end of 3rd quarter:Cash (525 million) - debt (304 million) = 221 million > market cap (150 million)p/e = 1.4p/b = 0.254th and 1st quarters traditionally slow
Yeah, but in both Q4 of 2011, and Q1 of 2012, cash will go up, and debts will go down. Along with XIN buying back more shares, the EPS will be better than people think.
You forgot to subtract 557 million in current liabilities, and 160 million of the cash is restricted.
Current debt is 316 million and book value is $7.36. Book value is after you SUBTRACT debt. One of the most undervalued stocks in history!