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Xinyuan Real Estate Co., Ltd. Message Board

  • cvdpro cvdpro May 15, 2013 3:58 PM Flag

    I have a hard time to figure out this company

    I thought this company is legit. Now I do have some doubts.

    The management claimed they went to the market for 13.2% loan simply they did not want to pay 10% tax to send the money into US.

    But, 10% tax vs 13.2% annual interest is nothing.

    Apple went to the bond market, because they borrowed under 2%

    XIN did some stock buy back and dividend, then all the money they paid for dividend and buy back was significantly less then the 200 million bond they issued, where are all these profit?

    The company stopped buying any shares when the stock was traded over $5, even they claimed the book value is $11 the stock is cheap. They made this claim repeatedly during the last two conference call. So if the stock is cheap, why don't they buy. I don't like lip service.

    In theory, most of chinese real estate comanies are making money, there are something going on, it does not add up. Could be the management take the company's cash for their personal use?

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