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FrankSchuil

FrankSchuil
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  • Understanding Apple Buying WiFiSLAM And What's Next [View article]
    Indoor tracking by itself is perhaps less interesting than the practical applications it powers. Those range from analyzing behavioral patterns to reaching customer at the point-of-sales and location-based gaming.
    It has widespread implications for many sectors that operate in indoor environments where GPS doesn't provide sufficient accuracy. To name a few: hospitals, malls, warehouses, offices, amusement parks, hotels, sport arenas, metro stations and so on.
    Apr 4 09:20 AM | Likes Like |Link to Comment
  • Is Xinyuan Real Estate Co. Too Good To Be True? [View article]
    Some links I found that might be interesting for those with Google Translate:
    - CV of the Chairman Zhang Yong (http://bit.ly/VV1oDh)
    - Interview with Zhang Yong (http://bit.ly/10gwweG). Most interestingly he describes himself investigating a listing on the Hongkong exchange where he came to the conclusion that the lack of landbank is not suited for such listing as investors wouldn't base the future growth of the company on the business model - which correlates to early discussions and answers from Tom Gurnee in the earning call.
    Jan 21 08:33 AM | Likes Like |Link to Comment
  • Is Xinyuan Real Estate Co. Too Good To Be True? [View article]
    As far as the financial reasoning and arguments go, the company does a good job explaining their actions and decisions. This includes the improved internal auditing, share buybacks, dividends and so on. One would expect so from a Stanford grad.
    That said, with the history at a company committing fraud, Tom Gurnee should in my opinion walk the extra mile by publicly explaining how this happened and more importantly what actions he personally has undertaken to prevent being caught off guard again. Additional disclosure on relationship to management and how he got the new job would grant the company extra credibility.

    Further validation I am seeking aside from the official company communication:
    1. Does all the estate exist
    2. Do they actually own it and what proof can we obtain of this (land purchasing papers, building permits?)
    3. Is it in par with quality standards in China
    4. Are there residents
    5. Are the residents satisfied with the propety

    Obviously the market is different from the US real estate market in terms of quality - having visited Beijing myself -, but if images like these appear (http://seekingalpha.co...) one can extend its distrust in the company to overall operations and ethics. Regarding the Instablog, can anyone comment on it? Going into the Chinese website it actually looks like they are talking about the Garden Project of Xinyuan. Validation and clarification needed.

    Doing a quick check on the estate in New York on Google Maps, the lot is there and empty with partial foundation as Tom Gurnee states in the earnings call. I'd be curious to see how that estate evolves as it could be a nice show off project to Wallstreet as has been stated by others. Anyone in NYC who I can benefit the community by doing a check on progress or if anything is happening at all?

    As for the other real estate. Does anyone have links to:
    - The other purchases in the US - pictures, Google maps, etc?
    - Estate in China
    - Any other validations of above points

    If you dive into the Chinese version of the website there's a lot more to see and going into the project websites even radiates professional selling efforts. However, on the English website information is very limited and doesn't satisfy my information needs. I'd welcome anyone's feedback on this.
    Jan 19 09:29 PM | 4 Likes Like |Link to Comment
  • XIN, A Company Just Can't Be Trusted. [View instapost]
    Hi, in the article about Xin on December 30 you left a bullish comment about the company. Then you counter with this post. Can you elaborate on the finding and how it fits in with Xin as a company in a broader scope?
    Jan 19 02:59 AM | Likes Like |Link to Comment
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