Xinyuan Real Estate: Yes, It Was Bad
Summary: *Xinyuan Real Estate reported Q1 2020 earnings that were not well-received by the market, and as a direct result, the stock fell by over 10%. *The company's revenue, earnings, and most operating metrics declined YoY. Additionally, management slashed the company's dividend by 75%. *We own Xinyuan Real Estate, and we plan to stay long the stock. Xinyuan Real Estate's ($XIN) stock has significantly underperformed the broader market over the last few years, and 2020 has