He deserves some credit in making XIN so successful in the past 3-4 years but in my opinion he did not do a good job in making use of XIN's cash hoard and increasing shareholder value in relation to XIN's financial performance in last 3-4 years.
As I stated in my earlier post, if XIN share price was near book value of 11, they could have avoided bond offering and done a secondary at 10.5 and avoided 26 million interest payment per year and significantly increased XIN's profile in stock market.
Also there always seemed sense of cloud hanging over XIN, which I don't think was justified.
Chickens are chickening out again.
I am new to this stock. I am researching, but cant find a plausible reason as to why this stock was 40 last year? Was it just short squeeze or did company have very bright prospects back then?
I dont understand.
So AVEO's trial design was a failure. So? You have companies that make mistakes, that take risks etc. When you are investing you are taking all those risks.
1. An new activist investor such as Icahn takes a stake and buries the shorts
2. New aggressive American style management to aggressively market products and bring in new investors
3. A large BB10 licensing deal
4. Partnership with a global giants IBM, CSCO, or SAP
5. A possible PE or other company offers
I have been in this stock since January following it every day and trust me,
There have been at least 7-8 bullish developments. Nothing has moved this stock convincingly. Stock had a pop for 2-3 days and the gave away gains in following 2-3 days
On the other hand it is plagued with false rumors, super excessive option writing, irrelevant and useless surveys and constant media bashing and comparison with giants Apple and Samsung
How can there be such a constant selling pressure at the backdrop of all the good news out there?
How can there be not even a MICRO short squeeze?
How can Hienee &Co. just sit out there knowing that despite all the ground breaking news in the last 4 months, stock has gained NADA, zilch, Zero while broader market has literally exploded?
Granted they can not control stock price, but come on,
Give us some solid good news on sales (not hard numbers, but something like they are far exceeding expectations) (not just we are still surviving cra#)
Give us some large contract news for BB10 licensing
Give us some major partnership news
Tell us that management is buying stock like there is no tomorrow
I have already sold 1/2, now if this nonsense continues, I am gone as soon as it hits 16 next time.
PE and hedge funds have no balls these days. They shy away even if there is a hint of risk.
They buy boring, mediocre risk free businesses. Such as Buffet purchase of Heinz.
Does not have to be at BB Live, but at some point they have give something to shareholders.
This is not the way to treat shareholders. Not to mention his wacky predictions that are ridiculed everywhere.
Return on invested capital on buyback at this prices will beat land acquisition by 2X at least
Its like buying your cash in the bank with added bonus of hard assets for free.
Apple in Sept 2012, every moron analyst was bullish with strike prices ranging from 900 to 1100
Same stort repeating again with GOOG. We will see top in GOOG in the next few days