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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (49847)	2/7/2013 11:12:15 AM
From: MCsweet	Read Replies (1) of 78659

XIN update, XIN raised its dividend today from 0.04 to 0.05, stock up over $4. Although I sold some earlier on the run up and a change in a strategy, I still have a fair sized position, as the metrics are cheap and I still believe in the company. This is one of those where the mostly negative feedback was useful. Concerns were (a) the stock is fraud and (b) China is going to blow up. My research indicated (though I still could be wrong) that (a) was unlikely, and I thought the risk of (b) was already common knowledge and well priced into the market. Knowing the reasons for why the stock was so cheap, and feeling that they were not justified, made me think that my contrarian purchases would work out ok versus me just missing some key fact. I am not enthused about being exposed to the Chinese market, but I go to where the value leads me and still think XIN is worth the risk. MC

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