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Xinyuan Real Estate Co., Ltd. Message Board

  • marcino3000 marcino3000 Oct 8, 2013 10:52 PM Flag

    Williamsburg property

    Google "Brooklyn’s Williamsburg rivals Manhattan in luring wealthy buyers". Xin is mentioned in this financial times article of Oct 4th.

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    • Another article in the Wall Street Journal yesterday (blog). " Next for Chinese Developers: Making It in New York". Greenland buying 70% stake in Atlantis yard project. Xin named in article.

    • More news found yesterday. Google "Williamsburg Real Estate Prices Closing In On Soho", xin is named again, this time in Brooklyn magazine.

      No one can argue that XIN is an unknown gem that has yet to be discovered. The company was named in relation to NY real estate on Bloomberg, in the NY times (blog), the financial times, and now in the Brooklyn mag. Every Wallstreet analyst spefializing in real estate will have heard of it, so why is there no analyst coverage and why does it not trade at book value?

      • 3 Replies to marcino3000
      • Lol, Marcino, it looks like you bought back in yesterday. Less than 2 mos. ago you were concerned about
        the new subs. BTW I think that list you put out was only a partial.

        'XIN subsidiaries
        Can anyone tell me why they would need an extra shell company for Irvine, Ny, and then another one for 421 Kent Ave? Are they pushing money around between the subsidiaries?'


      • As Shelly_Showman told me, put Longtop in search box on this board; reading these posts you will understand possibly why it’s not trading higher. I'll give you a clue - it has to do with the reputation of the CFO Mr. Gurnee who was also connected with Longtop, a fraudulent company. XIN also opposes a cash verification audit to clear up any doubts about its book value.

        Sentiment: Hold

      • it will soon reach book value, be patient ... with TPG on board + soon news with williamsburg development..the stock has already come along way from historical lows.. buy on any weakness !
        we will see 8$ soon ( beg 2014 i think) cheer up ! Mr market votes every day and suddenly decide to weigh...q3 & q4 will be strong ! no analyst coverage beacause brokers can't afford to follow smaller stocks !

    • Yes, it states: XIN plans to build 200 condos near the waterfront close to where Carlyle is building a hotel and apartments where young professionals can find affordable housing.

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