Xinyuan Real Estate (XIN)

[Rilo47]

I have owned this stock since 2009 and I am still amazed at how people are so quick to dump it, usually for no apparent reason. If it's fraud they are afraid of, I have never seen any indication that this company is anything but above-board. The PE is extremely low, and they pay a decent dividend, and they make money quarter after quarter. It's pretty much a no brainer, but maybe that's the problem - fear of too good to be true.
Owning the stock for near 5 years has bee a real roller coaster ride, but I think this year it has finally gotten some traction with the TPG investment and above $5 share price, and it will continue to go up in spite of the occasional nasty sell-off like we had today.