(1) BAD use
The company pays dividend. This does return the value to share holders, but does not increase share-holder value.
Fair PPS as a result: = book value, $8
(2) GOOD use
The company pays down the debt, to have an even cleaner balance sheet. We know the debt level is no longer high, but why not reduce it with the cash sitting there. It saves the interests too.
Fair PPS as a result: $10
(3) BETTER use
The company increases/extends the buyback program, to significantly reduce the # of outstanding shares. That will increase the per-share value much more efficiently.
Fair PPS after decreasing share count: $15
(4) BEST use
Buy land and develop more project! China shows sign of soft-landing, and the real-estate market is stabilizing. When there are opportunities, buy more land and sell more homes. It is a growth company.
Fair PPS as a result: $40
Just sent an email to Mr. Gurnee.
Hope they consider making the dividend quarterly. Don't care too much how big the dividend is, as they can increase it over time.
Organic Quarterly Dividend Growth = Stock Price Growth.
That's financial gospel right there.
I e-mail management once a month. Tom seems to know me. He referenced the Yahoo posting in the last respone I got from him, so he does read the postings, and of course is sick of me asking for a $.10 quarterly dividend, and to increase the buy back by another $10 million :o)
Send them an e-mail with your thoughts.
so you are talking about accounting irregularities and fraud at American Apparel, Enron, MS Global, AIG, BAC, Freddy & Fannie, Lehman, Madoff, Raj and Skojon, the list goes on...
And oh - look: the SEC is probing more and more hedge funds for fraud.
What are you trying to tell people here? If you are so convinced that XIN is a fraud then write a call for this to go to zero. If you are unconvinced, then why post such nonsensical scare monger bs anyway?
again what in the world do you base this on?? Just pure faith? The financials CANT be trusted, that is obvious...so what other info do you have that makes you believe their assets are tangible? Have you examined them in person?