You are correct. In any sensible scenario, the company would have gone private years ago. So what scenario is insensible? It is a fraud. Again, in any sensible scenario, the CEO and his posse would have taken the money and ran years ago. What are they waiting for? Paying out dividends and buying back stock with their hard-earned stolen funds? The only sensible scenario is China is insensible. The company is fine. The Chinese have no idea how to run a modern business. The company is undervalued because the Chinesels financial system is insanely broken.
I am buying the dividends and growth. 60 minutes could not get any where with lies. Why do you think you can be successful? Are you Delusional, uninformed or dont understand Urbanization and growth. Then , there is the fact Americans dont understand the real interest rates and real growth paying 60% down for the right to speculate. These guys will still make money. the appreciation incorporates the government getting most the money from fees and taxes. If XIN gets 60% of their money up front do you think the buyers will bail as they waited a long time for the building?