I have a list of stocks I watch. Added them to my list last September, same time I bought XIN. I watched XIN for 6 months before putting that money in.
One of the stocks on my list just announced earnings.
They make about the same as XIN, but have $3.52 in cash/equivilants, XIN has $6.59.
Their 12 month estimate is $20.00 a share.
The current stock price is $6.41
XIN's cash is higher, and the share price is less than half of the other one. Plus XIN pays a dividend, and is buying back shares, the other one does not.
Investorman is a mindless peon working at a fast food chain, just put him on ignore. Anyone who puts out mindless claims without research or facts has the education of a donkey. XIN has been one of the most bullish stocks of 2012 and it just so happens the stock market has been on a rampage too.
You have it backwards ej because the rest of the market is going up and XIN is going down.My data shows XIN has more down days than any other stock.It seems everyday it goes up it goes down 4.