Have 700 left. Next sell target is 6 and the buy target is 5. It's amazing that a year ago so many were saying this was a fraud and now people can't wait to buy at much higher prices. The yield on this stock is now below 4%. I can get 17.5% on Wmc.
Its not "amazing" that this stock was low, there was a fraud wave and someone on XIN's BOD was involved with Longtop. Its "normal" that this was down, there were many "winners" that got hammered. Add a sprinkle of fraud to it and the stock price gets beat down severely. These folks buying now could be laughing in a year selling for ten and you were the moron selling your shares to them.
You should have waited a bit, because after $5 the mutual funds etc. can start buying...... so now we have institutional buying IMO
The PE is on 2.5+_, this share looks definitely like a double to around 8-10, much better than a 17% dividend IMHO!
Ummm... Well isn't your cost basis around $1.50 for XIN? So... your yield isn't 4%. If your reason to sell is to get a bigger dividend elsewhere (yeah, not MUCH bigger)... you're being incredibly foolish. XIN is a growth stock that continues to pay a dividend and *raise* its dividend. 700 more shares and we'll be done with your idiocy
Just when I thought there was hope for you I receive from you this ridiculous post. Dividend yields are calculated on the basis of what the stock is currently selling for NOT what you paid. The market doesn't care what you paid. As far as being a growth stock there is no evidence that earnings will grow anywhere near what they have in the past.