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China Housing and Land Development, Inc. Message Board

advisorcfa 1 post  |  Last Activity: Jun 5, 2014 2:16 PM Member since: Sep 27, 2011
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    Good response (PR) by TSL today

    by i2juncky Jun 4, 2014 10:12 AM
    advisorcfa advisorcfa Jun 5, 2014 2:16 PM Flag

    Blew through $11.91. Book value is not a reasonably useful indicator of stock price. It's an accounting measure, not a market value based measure. Look up 'depreciation', 'goodwill', 'deferred tax assets', etc and you will see how useless book value is. "Tangible book value" is arguably useful, but has its limitations as well. Life is not simple, and neither is the stock market.

    Sentiment: Hold

CHLN
1.4498-0.0802(-5.24%)Jul 23 3:58 PMEDT

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