China Growth Stocks

[BigOnChina]

What I really like is that XIN bought some US assets. To me that alone takes the fraud risk away. And that "minor" dividend is an annual 5.5% at today's $2.90 share price.

The SAIC/SEC filings were discussed at length on the conference call and I was more than satisfied with management's answer.

As for earnings, while they MAY decline a little next year, EPS will likely rise due to the stock buyback. Let's also not forget the companies current valuation which is less than half the cash on the balance sheet after debt along with all of the real estate assets.

What other chinese companies are heading out on roadshows in the fall to convince the investment community that their company is fantastic? These guys believe it.

Before the market tanked in 2008, XIN was a $15.00 stock when the company was half the size with half the assets. It will get back there IMO.