These two guys post here all day long.
But did you notice that Infn444 and star_hominid never post together?
SMD is Infn444's favorite word, star_hominid was using it since he thought he was using the Infn444 alias! LOL
I just proved it here that Infn444 and star_hominid are the same person, he uses different account to express both his long and short opinions, he is apparently a sideways trader who trades on both sides.
star_hominid posted in this post 36 and 53 minutes ago and infn444 posted 43 and 44 minutes ago here in the same post.
So it's very likely that star_hominid posted at 36 minutes ago and then login as infn444 to post at 43 and 44 minutes ago and then after waiting for 9 minutes, he uses star_hominid user again to post at 53 minutes ago.
If star_hominid and infn444 are not the same person I will be amazed how they are posting here almost at the same time and they both sound like the same person.
I think the company should speed up buying back while the stock price is way under book value.
Despite of the $200M high interest bond, this company has $12 book value and $12 cash + restricted cash.
I think the company is going to use this $200M to invest in the bottomed US real estate market.
The fact that TPG has just invested $100M into this company last month at around $6(bonds at 5% annual interest and some common stocks) is going to give the market a lot of confidence on the company.
Now that the stock price is above $6, more institutions will come to buy it(they would not consider
low priced stock under $5).
The company is issuing $0.05 cent per share dividend each quarter, so it would be total $0.20 per share
annual dividend. Plus the company has $60M stock buy back plan before 2015 which would reduce the floating shares and increase the stock price as well(it just finished $20M stock buy back this year).
The EPS for 2012 was $1.82 and EPS for 2013 is expected to be $1.60(P/E between 3 - 4 right now).
IPO price was $14 on 2007, now the assets are many times more than 2007.
Their financial reports have been audited by a famous auditor company.
Although there is a concern for overall Chinese real estate, this company is mostly developing lower price, more affordable apartments in some second class cities in China. The average housing price in these second class cities are only 1/3 - 1/4 of those major big cities like Beijing, Shanghai and Shenzhen etc.
From the technical point of view, this stock has formed a five years large round bottom shape which is targeting $12 - $15. The only major resistance before $10 is at $7.
I expect the stock price will reach $10(still under book value and cash + restricted cash) by the end of this year. For longer term, It's possible for the stock price to reach $14 - the IPO price five years ago in a year.
Sentiment: Strong Buy
The run will be triggered by the $100M TPG investment in the company last month.
The reason this company is trading at 50% of its book value and cash level and 3 -4 P/E is because of the lack of confidence on the company.
TPG investment is going to change the way the market is looking at the company.
So there will be more coverage on it and more institutions buyers coming in.
Since 30% of TPG's investment is common stock at the cost of $5.5, the rest 70% can be converted to common stock at $6 so most likely $6 is the bottom.
The chance it's going down with the overall market to $5.5 - $6 is very small.
95% chance this is going up much higher from here.
In my opinion, the breakout at $7 is coming soon.
Sentiment: Strong Buy
$15 in a year, $10 in three months and $7 in a month - Great under valued stock - XIN!!!
Mark my post here.
This stock - XIN currently has $12 book value and $12 cash value per share.
EPS in 2013 is estimated at $1.50, current P/E at $6.15 is only 4.
Dividend is estimated at $0.20 per share in 2013.
The management has showed their ability to grow the company rapidly in the past 16 year.
TPG(managing $50B assets) has just invested $100M into this company at the cost of near $6 and also appointed one board member to the board.
Their financial report was audited by Ernst & Young - one of the four largest accounting firms in the world.
So its financial reports are pretty reliable.
But the market has not realized the value of this company yet(no analyst cover at all) since their IPO price back in 2007 was $14 and now it's only trading at $6.15 while their assets and cash has more than doubled than 2007. The company has a $60M stock buyback plan before 2015 which could reduce the total float by 15% at current price. The stock price is expected to rise with the stock buy back.
Sentiment: Strong Buy
You don't know nothing about China.
You are going to lose your pants here short.
Cover your short position and leave now would be your wise option.
Unlike those ghost cities.
All the apartment XIN has build are all near 100% sold out.
The company is picking the right land to build the right apartment for the right people.
This stock has $12 book value and $12 cash.
It's way undervalued.
Sven Eenmaa - Stifel
Okay. And second question, I wanted to ask in terms of feedstock across seasonality, particularly when it comes to fatty assets, animal fat feedstocks. Are you guys seeing any seasonality in that kind of pricing there or do you expect it to just remain steady where it is currently?
We are seeing some seasonality, it's challenging right now to understand what the main driver is. As you get into deeper, colder weather you tend to see more of a price impact. There are other factors that involve right now, remembering that many of the co-products we use have other substitutes in other crops. So these crops are growing quite well and are predicted to be bumper if not already they’re also putting downward pressure on our raw materials. So I think we're seeing two good effects the industry is not very hard right now.
During the quarter, we added more terminal capacity at New York Harbor, this capacity is useful to meet growing demand in the region.
New York City has a requirement for heating oil included 2% biodiesel blend. The New York Legislature recently approved the similar requirement that will be implemented statewide over two years beginning with the 2014 and 15 heating oil seasons.
Furthermore, next summer, New York City will start implementing a law requiring the City's fleets to use a 5% biodiesel blend that is scheduled to grow to 20% blend overtime.
In addition, the State of Minnesota has published it’s intend to move to a [B-10]summertime blend beginning July 1, 2014.
I especially have doubts about their cash flow.
It's almost impossible for a housing company to have such huge positive cash flow.
Do you believe a middle size housing company in China could have such a high margin and profit?
Apparently they have been borrowing money at high interest 12% - 13.25% for the past years to pay back old borrowings. Does that sound familiar?
I don't care about TPG but I just think there is something fishy for a company to borrow money at such a
high interest 13.25% while they are showing $640M cash on their book.
I don't do shorting but 13.25% is not a normal interest rate to do any business. Any!
This makes me to doubt the cash level and the financial reports of the company.
Beautiful long-term chart with a five year large round bottom targeting $15 or higher.
Sentiment: Strong Buy
Perfect closing above five weeks average and every day averages.
We are ready to shoot at $6.50 - $6.60 level next week.
I would suggest all the longs hold for long-term gain.
Ignore the shorts like star_hominid and infn444 like I am doing.
They are trying to fool you to sell your stakes cheap.
They are the worst short I have ever seen shorting on a stock trading 50% off its cash level and book value.
Believe me, this is a $12 - $15 stock in a year.