I can't figure that out because I don't know the right ratio to use to validly compare different Chinese RE development companies on a "per capita" type basis. My best guess is CASH/EQUIVALENTS TO ANNUAL REVENUES, but that's just a guess. If you know a better metric, please post it.
The question is important because "too much" cash is the only outward symptom Longtop exhibited before being unmasked as a fraud. Their balance sheet required "too much" cash because half the cash wasn't real and they needed the other half to run the company. If XIN, like Longtop, has "too much" cash when fairly compared to other similar companies, that's not a great sign.
FWIW, XIN last reported $515 million in cash/equivalents. XIN's expected 2012 net income should be about $99 million, less the $12 million cost of the four quarterly .04 dividends, leaves about $87 million more cash this year to add to the hoard, which should grow to $600 million by year's end. But that tells us nothing because we don't know if it's "a lot".
>>> A few things <<<
LOL! Getting late. I was speaking of my other big holding(CYD) with insider buying, 20 years on the NYSE, and other reasons why I felt it was not a scam. It is very low P/E with tons of cash ....and not a scam. IMHO.
>>>If I'm in error, let me know, but I still don't think the CEO's bought any shares on the public market the last two years.<<<
I don't think the CEO or Blue Ridge bought any shares the last two years. I see no filings of buy/sells from either. From Blue Ridge's recent statement of ownership it seems he sold a few ADS since the number owned went down in 2011.
Cool, we're on the same page.
It should be easier than it is to track insider transactions for 20-F companies. If Gurnee sells those options he registered, I'm hoping it'll produce its own SEC filing -- something analogous to a domestic corporation's Forms 3-5, but I'm worried it won't.
A few things:
1. See my post immediately above this one for insider transactions. I still don't see the transactions you do.
2. XIN IPO'd December, 2007, so 4.5 years publicly traded, not 20.
3. Again, there's virtually no such thing as anyone who's short XIN. The overwhelming majority of brokers don't allow it. For evidence, just notice the buy to cover times, how many are 1.00000. That means there's very, very few market players with short positions. Possibly as few as 1, but in any event, few enough that none of them waited 2 or more days to cover (so, probably less than 5). http://www.nasdaq.com/symbol/xin/short-interest
I tried to look for the insider transactions where you said, but I couldn't find them. My post was easy to miss cuz it's up where the navigation's confusing, so don't reply there.
Reply instead to the first post, to move it down and to the left. My post: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_X/threadview?m=tm&bn=72398&tid=18905&mid=-1&tof=1&rt=2&frt=2&off=1&p=mvTYdOjAWsSBE3Wb78qfvzoIE_utw.hADeGP_6ZhpMKna1FsG1D_PrU-
>>> How do you know for sure? (That's not a critical question, I'm really asking). <<<
You never know 100% for sure. The 2 large insiders(Chinese) have been buying heavily the last two years. They love the low price. 20 years on the NYSE. Even the bashing shorts on the msg board are too smart to mention fraud...it is all about the bad Chinese economy...and the possible lack of a dividend this year.
No opinion on any other Chinese stock as concerns fraud...except the bigger the better.