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

To: MCsweet who wrote (49193)	9/28/2012 11:19:28 AM
From: MCsweet	Read Replies (1) \| Respond to of 78651

XIN update, They are investing a substantial sum in New York real estate, which further supports the thesis they are not a fraud in case the buyback and dividends didn't have people convinced. That being said, I am slightly paring down my XIN position at a gain today. The news from their blow-out quarter (which I expected) has been absorbed, I have received a nice divvy, their top shareholder seems to be selling out, and the fact they are investing in the US doesn't seem to bode well for what they think about China. I still believe the stock is highly undervalued, but their top shareholder selling will probably keep a lid on the stock, so I am going to see how business develops before committing further money to this investment. MC