XIN - Xinyuan Is Expensive Even With A 10% Yield! (Video)
One year ago I argued that a few specific catalysts might push Xinyuan's (XIN) stock price higher. That is exactly what happened as its stock price went from $5.6 to almost $8.
I was happy with the gain and sold around $7 because nothing actually changed within the business. For me, a rising stock price without fundamental business improvements is an alarm bell signaling higher investment risk and lower potential reward.
However, because XIN is almost 50% below its 2018 highs, I made a new analysis to see whether there is a