A tired CFO departs, stock plunges from 6.4 to 2.7. What a year or two it has been. I keep checking back to see if an original investment at 6.4 for this - so sure to climb to 8 to 9 range- will ever break even for anybody else but I am no longer invested in it, nor do I care about its gradual demise. I rebought some on the way down at 3.90 then unloaded it at 3.5 seeing that management was not heading in the right direction. I did not have the wherewithal to "buy the dips" as it were because I had thought 3.90 was a dip and I got burned there losing 0.40 of principal and only getting a dime of it back through two dividend payments, of which a rather sizeable fee was taken respective to the small number of shares I held. Where is the excitement about Brooklyn? The hole in the ground got more coverage, it seems, than the construction has since then. They no longer do news releases, just twice a quarter they announce earnings and dividends, which never change. This is prime hedge fund acquisition material, but no fund has stepped forward and plunged in, so the individual investor can't make money in the short term with XIN.
I am rating XIN a hold because if you sell now you will miss out on whatever very long term prospects XIN has, however owning XIN for the dividend did not turn out to be a good short term strategy.
What is the deal with the purple billboards popping up that just say YAHOO (Mobile). The word YAHOO takes up 1/3 of the billboard and the Mobile appears to be size 16 font. Will this campaign be supplemented by any kind of message or is that all they can do? Meanwhile, yahoo is out of the maps business, so what exactly can their mobile app even do anymore that YELP or GOOGL can't?