Xinyuan Real Estate: The News Is Not Good

|
About: Xinyuan Real Estate Co., Ltd. (XIN)
by: Elliott R. Morss
This article is exclusive for subscribers.
Summary

Results from the last quarter are disappointing.

Almost every financial indicator is negative.

The ongoing liquidation of TPG's holdings exerted further downward pressure on the stock price.

Introduction

In prior pieces, I have been bullish on Xinyuan's (XIN) prospects. Unfortunately, this last quarter was a step backwards. One only hopes XIN will continue to pay a 10¢ quarterly dividend.