E-House (EJ): This China Stock Could Buy You a Summer House

Well, I might be exaggerating a bit with that claim, but stocks that double in four months' time can certainly make your summer a whole lot more fun.

That's why this week's Red Hot Summer Stock is E-House (EJ).

(For updates on all of our Hot Stocks, click here.)

E-House is your standard full-service real estate company in that it provides primary real estate agency services, secondary real estate brokerage services and real estate consulting and information services.

But how does a "standard real estate company" double in less than four months? 

Well that's actually pretty simple when its sales territory is the booming mainland China real estate market. 

But to get the full story on this China stock and whether the run that it's been on of late is sustainable, I should defer to our resident China expert, Robert Hsu.

What Our Investing Pros Have to Say About E-House

Robert is the editor of two very successful investing services, Asia Edge and China Strategy, and spends much of his time on the ground in China digging up phenomenal stock picks to bring back to his readers. E-House is a stock right out of his playbook, and he's generously offered to help us better understand what the company is about and why it's such a good buy right now.

Robert doesn't just rely on balance sheet analysis and P/E ratios to uncover great companies, he gets on a plane and does the firsthand research that can only come from someone with deep local connections.  In this case, Robert was in China recently and checked E-House out for himself.

When he got back from China, he explained…