China Unlimited

[Rob_]

XIN conference call was short - one "analyst", so did not take too long to read.

I like XIN and will continue to at least reinvest my dividends in XIN. Maybe it isn't the cheapest stock by book or P/E but it still has a good margin of safety. It has been a solid performer in my portfolio. I think it is a well run company that is growing, paying a nice dividend, and buying back shares.

2017 should be a good year once the Chinese government lifts the sale price per unit cap on housing that they instituted last quarter. XIN was not able to close sales on their properties above a certain price (government restriction to cool housing prices) so their is a lot of revenue that can be recognized when the government lifts this ban. It should result in great earnings later in 2017. If q3 and q4 in 2017 are outstanding quarters and the share price takes off, I might sell some then.