XING (01BC) on XTRA

XING (named openBC/Open Business Club until 17 November 2006) is a social software platform for enabling a small-world network for professionals.
The company is listed on the German XTRA.

Fair value: 192.5€
Discount: 17%
Average yearly return: +41%
Outperformer.

We bought the stock end of June at 137.3€ and cashed today at 162.79€, a 16% profit after 40 days.