I'm amazed at the XPD fundamentals. It has positive cash flow and sits on an existing large pile of cash comparative to its market cap.
XPD gives all the impressions of a well functioning company with good fundamentals in an expanding economy.
I understand that there is transparency issues with Chinese stocks and sovereign issues regarding getting money out of the country for dividends etc.. But does anyone know why the market prices this these factors so drastically? Examples of past situations similar situations would be good.
XPD Price at posting:
3.5¢ Sentiment: Buy Disclosure: Not Held