> There was some of the reason of the difficulty valuing this correctly

> Based on their filings:

> EPS:
> 08Q3:          USD: 0.07   (Cash Sept 08: 612 Mio USD)
> 08First half:  USD: 0.21   (Cash Jun 08: 581 Mio USD)
> That is EPS: 0.28 for 3 Quarters or approx 0.37 a Year

> In their 3 Quarter Filing The EPS of 0.07 UDS equavalate 0.49 RMB
> (Chinese currency)
> That is 7 RMB pr Dollar

> Google Finance is incorrectly mixing the 2 currencies in their
> calculation of EPS. Shame on Google Finance for that. Thats a first
> grader mistake.

> A more correct EPS with todays shareprice will be: 2.03/0.37 = 5.49

> (Still very cheap and they have got a huge pile of cash)

>  I have calculated

> On 18 Jun., 21:03, Sam <sjwitt...@gmail.com> wrote:

> > I'm not sure where you got $3B value from but I sincerely hope you are
> > not forgetting that google finance reports this companies assets in
> > CYN and not in Dollars. Wouldn't want any one making an investment
> > decision on a mistake like that!

> > On Jun 5, 4:41 am, sjiang...@gmail.com wrote:

> > > How much would you people value XING? If you look at assets minus
> > > debt, it's about 3 billion in value. If you look at P/E, you must not
> > > forget Chinese companies typicaly trade at P/E ratio of 50. But this
> > > is all going by the book. We all know this one is undervalued, but how
> > > much you think?

> > > On 4 jun, 17:57, sjiang...@gmail.com wrote:

> > > > In fact sept 08 could be 4$, depends on how you look at it really.

> > > > On 3 jun, 12:35, mordiga...@gmail.com wrote:

> > > > > sept 17th was 2.35 and sept 30th was 2.47 i am a seller at these
> > > > > levels and a buyer at under 2.00

> > > > > On Jun 2, 1:10 pm, sjiang...@gmail.com wrote:

> > > > > > This thing has to go up, a lot of stocks already gained back their
> > > > > > sept '08 level, and for Xing to do it is has to go to 4.

> > > > > > On 2 jun, 18:32, hanneogtho...@mail.tele.dk wrote:

> > > > > > > I´m not sure about valuations

> > > > > > > I found 3 EPS for 2008
> > > > > > > 8Q3: 0.07
> > > > > > > 8Q2: 0.04 (calculated)
> > > > > > > 8Q1: 0.17

> > > > > > > Thats 0.28 for 9 month or 0.39 for a Year

> > > > > > > Shareprice is 2.14
> > > > > > > EPS : 0.39
> > > > > > > That is: P/E: 2.14/0.39 = 5.49
> > > > > > > nowhere near 0.62 as stated on Google Finance (But still pretty low)

> > > > > > > They got a huge provenue from IPO (Sales) of Qiao Xing Mobile Comm.
> > > > > > > I guess it might be this IPO polluting the numbers (But I dont know)

> > > > > > > On 29 Maj, 20:08, etha...@gmail.com wrote:

> > > > > > > > Where are you getting XING's book value from? The most recent info on
> > > > > > > > Google seems to be Q2 of 2008.

> > > > > > > > On May 29, 1:09 am, sjiang...@gmail.com wrote:

> > > > > > > > > Right now you could liquidate this company and gain a profit from it.
> > > > > > > > > This one is like sears holdings, worth more dead than alive. Makes me
> > > > > > > > > think of the stories about the great depression. Apperantly you had
> > > > > > > > > also a lot of these skeleton companies in that time. I wonder if the
> > > > > > > > > FED has got something to do with this one too? oops...shhhuuuut ;-)

> > > > > > > > > On 25 apr, 00:02, bubaghanu...@gmail.com wrote:

> > > > > > > > > > The fundamentals are great, but management is corrupt. Listen to their
> > > > > > > > > > April 15 conference call. I don't remember the exact numbers, but the
> > > > > > > > > > company bought a company/assets at a way inflated price from XING's
> > > > > > > > > > own CEO. Book value per share was cut in half instantly. Listen to the
> > > > > > > > > > conference call... the fact that this stuff goes on makes me very wary
> > > > > > > > > > of investing in Chinese companies.

> > > > > > > > > > On Apr 3, 2:02 pm, Tom Corson-Knowles <tcors...@gmail.com> wrote:

> > > > > > > > > > > This stock is incredibly undervalued. It's selling for less than 25%
> > > > > > > > > > > of it's cash net of all liabilities, not to mention its incredibly
> > > > > > > > > > > valuable 69.9% ownership of QXM, who's market value is over $100 M
> > > > > > > > > > > (which is also selling for less than its cash net liabilities) and not
> > > > > > > > > > > including the value of its core businesses.- Tekst uit oorspronkelijk bericht niet weergeven -

> > > > > > > > > > - Tekst uit oorspronkelijk bericht weergeven -- Skjul tekst i anførselstegn -

> > > > > > > > - Vis tekst i anførselstegn -- Tekst uit oorspronkelijk bericht niet weergeven -

> > > > > > > - Tekst uit oorspronkelijk bericht weergeven -- Hide quoted text -

> > > > > > - Show quoted text -- Tekst uit oorspronkelijk bericht niet weergeven -

> > > > > - Tekst uit oorspronkelijk bericht weergeven -- Tekst uit oorspronkelijk bericht niet weergeven -

> > > > - Tekst uit oorspronkelijk bericht weergeven -- Skjul tekst i anførselstegn -

> > - Vis tekst i anførselstegn -