- Xinyuan has all the traits of a healthy company: solid income, growth, dividends and institutional investors.
- Xinyuan is incredibly cheap, with a P/E of 2.7 and at 31% of book value.
- There is zero indication that Xinyuan is a fraud. It is guilt by association concerning a class-wide fear of Chinese fraudulence.
- Fraud concern was raised when a newly appointed CFO left Xinyuan after only two months in 2013. But it appears he got a better offer elsewhere.