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Xinyuan Real Estate Co., Ltd. Message Board

  • doochie55 doochie55 May 17, 2013 4:38 PM Flag

    Fundamentals wins out. Be patient.

    I was long on CSIQ among Chinese solar stocks. Based on available information I thought it had the best one to two year outlook. But it did not do well compared others like TSL, JKS and YGE. It tanked to low 3 from 5 last March, more than the others. I thought that I made mistake and sold out. Now it is 7.80, more than doubled in about two month and has gone up most among the peers. Now it appears that institutions agree with what I believed earlier as it has gone up on huge volumes. I got back to it a higher price and am up well.

    Now with XIN I am seeing the same. It trades at low volume like CSIQ before the take-off and also at a deep discount. I believe it will go up to a price it deserves. The only question to me is when.

    I have RDN (more than tripled for me) and WFR, a U.S. solar stock (up over 40%). Both of them were ignored and trashed stocks when I first got into them, but again they have been winners for patient investors. I believe one can make outsize gains with patience with depressed stocks with good business fundamentals. XIN is easier to wait since it pays a decent dividend yielding over 4%, far better than interest yield from a bank. I started buying XIN around 3.00. Although it has been in down-move right now, the current weakness did not changed the longer-term steady up-trend.

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4.95+0.06(+1.23%)Jul 22 4:02 PMEDT