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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: rllee who wrote (48652)	7/9/2012 3:03:13 PM
From: MCsweet	Respond to of 78666

XIN dividend: In May, I had an ADR fee of $10.75 on a dividend of $172.00. What's got me more interested lately is they have already bought back $10 million in stock and reupped the buyback to $20 million. There is some hair to it -- including money borrowed from a hedge fund awhile back at high rates -- not well justified by some potential acquisitions that never took place. And of course Chinese property sounds like one of the scariest places to be right now, but they do focus on 2nd-tier cities which I don't believe have had as big of a run up. MC