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

To: MCsweet who wrote (49847)	10/22/2012 4:15:44 PM
From: Paul Senior	Respond to of 78656

MC, yes still hold shares, although it's not been a core position for me. I did sell some shares today too near market close. Does seem like it could be getting attention based on other Chinese stocks getting noticed (for going-private sales). I post this seekingalpha.com and will cross-post the link on richardred's "Speculating in takeover targets" thread. Possible opportunity to buy a package or couple-three of these Chinese going-privates assuming overall, that the gains would outweigh losses if some didn't work out. I'll consider.

To: MCsweet who wrote (49847)	2/7/2013 11:12:15 AM
From: MCsweet	Read Replies (1) \| Respond to of 78656

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