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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (49059)	8/11/2012 12:53:47 AM
From: Spekulatius	Read Replies (5) of 78644

XIN. - thee numbers are almost implausibly good. They hold only 635M$ worth of real estate in development but do 425M$ in revenue in one quarter. That means they turn their estate assets into cash in only 1.5 quarters or 4.5 month. We are talking high risers there not single family homes. Is this possible? They hold a tremendous amount of cash equal to the value of the buildings in development and 3 x the amount of debt (why having debt at all with so much cash?). Either geniuses at work, or it's a total fraud...

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