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Xinyuan Real Estate Co., Ltd. Message Board

  • staccani staccani Aug 19, 2012 11:43 AM Flag

    Net financial position - $5 a share

    As of Q2 2012 XIN had $375M as net financial position (cash less debt). This means that for every share we buy, had the company to pay down their debt immediately, only the cash per share would be almost the double of the current share price. It is obvious that the market is pricing XIN as if it does not have this cash and as if it does not have any other assets, as if it does not generate earnings, just because the company is Chinese. Massive money is to be made here,the market is behaving irrationally as usual, too bad I cannot free more cash to invest right now, but I will.

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6.02-0.13(-2.11%)Aug 26 4:02 PMEDT