Motley drops another IF BOMB on Xin .........................."Provided the numbers are ligit"
Ah the cheapness: It's wonderful seeing the market offer stocks this cheap, because it proves that it does exist. Xinyuan is sitting on $442 million of cash and their market cap is currently $272.5 million! Its price to tangible book ratio is .37, and it is paying a 4.5% dividend with a 10% payout ratio. That is insanely cheap. I really hope this one isn't fake, so I can pump a ton of money into it.
Agree. So much for the "efficient market" theory. While XIN probably should be discounted for being a small-cap, Chinese, real-estate developer, its current valuation is absurd. I have a pretty significant (for me) position which I've been in for 3-4 years and can wait another 5-10 years on this one. Patience is definitely the key for this stock.