I bought in on june 26th at $4.04 with the hope of an increase in dividend or increase in share repurchases... A lot of people on here have said they believe XIN is buying a lot of shares back and that is why we have seen the recent uptick in price...
If this is true I think its a great sign going into earnings. Their recent buyback is a hint that their upcoming earnings report is going to be very strong. This is because they want to buy as low as possible before the price takes off!!
Maybe this is wishful thinking, but it seems to make sense to me... Was wondering what you guys think?
By the way, if their earnings is strong this quarter, just imagine what its going to look like when they get all these new projects under way... STORNG BUY!!! Hold Long term!!