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Xinyuan Real Estate Co., Ltd. Message Board

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  • stan.ackman stan.ackman Jul 24, 2012 6:28 PM Flag

    Run out of Money to buy more

    Connor, you are definitely a pro by doing this type of trades. I have learned from you this year.

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    • Thanks.

      I indeed like XIN stays low for a long time, because I know it is only safer when cheaper, and I can trade some with better margin of safety. It is undervalued, no doubt. And, I don't evaluate a stock based on its PPS given by this inefficient market, rather on its EPS and book value, etc.

      That is, however, based on my judgment that this company is more than 99% chance legit and reliable. and, my conclusion is based on 2+ years of financial study and attendance in conference calls.

      • 1 Reply to connor.jin
      • Connor, I replied you in another thread as well. I hope our investments in XIN could eventually be paid off. However, I do want to warn you that investing big banks such as BAC may not give you good long-term return. The investment banking industry, in my opinion, has permanently changed, partly due to the new regulation and partly due to de-leverage. I am in this industry, so I know this more than a few investors. The era of ROE of over 20% for banks is gone. You may have OK return if economy backs on track again soon, but the return will not be as good compared to the opportunities offed by other beaten down growth stocks.

        Buffett and Munger both agree that the best way of investing is to purchased growth stocks with a high value price.

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