I don't get it. Why are people so ignorant about this stock? These Chinese managers are throwing everything they can at the problem of their stock being severely undervalued and still, very little progress is being made...yet. I think the biggest problem is that their market capitlization is too small for the big money to start pouring in. That means it's up to the small investor to invest enough money first, so that the big money can come in based off of their minimum market cap investment guidelines. That is going to be the time when the lucky first small investors get to sit back and say "I TOLD YOU SO" to their friends as they get paid.
just look at their earnings report from today, this company is insanely undervalued. They are making money hand over fist and yet still they can not get enough small investors on board to make a sizeable gain in the stock price yet. Again, it will only stay this way until the market capitlization gets large enough for the big money to start coming in
If anybody has any doubt that this company's valuation is too good to be true, just look at XIN's 60 million dollar share buyback plan for comfort, or their consistent dividend. Last time I checked, companies that are committing fraud do not consistently pay out huge dividends or buy back their own shares in huge denominations. If that's not enough, look at the NYSE auditing requirements for exchange listed stocks. In case people don't know this, XIN is a NYSE listed stock. THEIR NUMBER'S ARE LEGITITMATE. I feel bad for the people that are following this stock and explainging their reasons for why they are bearish. These poor people are going to look back 2 years from now and say WOW, I could have bought that stock at $5.00 and now it's at $20.00+, but instead I tried to short one of the most undervalued stocks of all time. All because of the fact that not too long ago, there was a handfull of Chinese companies that were lying about their financials, so people assumed that all Chinese companies were lying, and they threw the good companies out with the bad.
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