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?
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.
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 !