Without doubt, the global growth is slowing, and the general market may go lower, I expect XIN to go lower with the market. I expect China to grow at 3 to 4% on average in the following 10 years if the new leadership does the right thing.
Mr. Gurnee, remind you that as long as you are the company's CFO, the company remains to be a fraud candidate unless you can prove yourself otherwise.
Thank you for your warning, but I don't need that. I buy when price is low, and buy more when price is lower. I'll let guys like you worry about things like who is buying, who is selling, why someone is buying, why someone is selling and what will people do next.
I like to keep it simple: buy when it's cheap, sell when it's expensive.
either it reaches book value at the least or we can prove the company is a fraud. Mr. Gurnee, stand up on your feet, go out and promote this company's stock, or your job may be on the line.
In the mean time, I'm waiting for the stock to drop below $3 so I can scoop more shares.
People, while you are still discussing about P/E, let's not forget that XIN is trading at a fraction of the book value, and it is still making money. Let's at least make it to the book value first before we even need to discuss anything related to P/E. The key here is for Gurnee to spend time to promote the stock to institutions and analysts to get people interested, in other words, unlocking the value itself should be able to push the stock over $10, beyond that, then we discuss about P/E or future.
So, let's not get distracted, either we need Gurnee to act or the CEO needs to replace him with someone who are qualified and motivated, unlike Gurnee.
Aside from that, Mr. Gurnee, the company is too timid on land acquisition, it has already shown up in the salable properties guided for the next few quarters. What's point of holding so much cash doing nothing at hand while you have no houses to sell in the next few quarters? It's a huge management judgement failure, and you are surely part of the problem. Without sustainable development plan, this company XIN will get no respect from the market. So, please, do some work, make some plans, don't just sit there on your #$%$ and do nothing.
You have to feel shameful when you lost the only analyst covering this stock, what did you do during the years as CFO too get those analysts who cover the Chinese developers to cover XIN? What did you do other than reading a prepared statement on the conference call where not a single analyst showed up? It is a shame, Mr. Gurnee, you collected a big fat check and did nothing for the company, yes, I know you read message board, and I want you to know that it's a shame to be someone like you. You are the major problem that people think XIN is a fraud, as long as you are still there doing nothing except collecting a check, people will still be very skeptical about XIN, and I'll keep writing to the CEO to tell him the truth. Mr. Gurnee, use your lazy legs, go out to communicate with analysts and investors, or wait to be replaced. Thank you for your attention.
Take it easy, son, Chinese may well hope to buy a property from a US developer, but US developers don't market properties in China, you need a "CHANNEL" to buy a property, a " CHANNEL", while it may be hard for you to understand that, XIN understands that, that's the whole story behind this entry into the US market. They are not building for Americans, they are building for Chinese.
As an investor, I always hope the stock to go lower in the short term. I normally place moronic people on my ignore list, and you clearly belong to that place.
$20 is fine with me, $200 will be better, but no, Gurnee has done absolutely nothing for the company. I would like him to go and replace with someone who actually does something for the company and for the investor, in fact, I have written to the CEO to explain to him why Gurnee has to go, I'll watch what will happen. This company is not a fraud in my opinion, but the hiring of Gurnee makes it look like one, we need Gurnee to go, he is not qualified and not motivated. No further useless comment please.
How the company manages the New York project will be very critical， the success will push the stock price over the book value. It is not so much about sale, rich Chinese are waiting in line to buy properties in such a premium location through a Chinese developer, the risk is on the management of the construction quality and cost. We need the management to talk more about their US team on the conference call.