Xinyuan Real Estate: Consider Staying The Course
* Xinyuan's stock has significantly underperformed the broader market so far in 2020. * Xinyuan reported Q2 2020 results that were not well-received by the market. However, I believe that shareholders should consider staying the course. * I'm long Xinyuan, and I have no plans to reduce my stake in the near future.
Xinyuan Real Estate's ($XIN) stock has significantly underperformed the broader market over the last 5 years, and it has been pretty much the same story so far in 2020. The company's most recent operating results have not helped the stock either as pundits viewed the earnings (or lack thereof) report as a major disappointment. The stock has remained under pressure since the earnings report but, as bad as the quarter was, I plan to stay the course with my small Xinyuan position.
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