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BYD Company Ltd. Message Board

  • amosbrandon amosbrandon Jun 2, 2011 12:52 PM Flag

    Everyone calm down

    I just sold my MPEL. This stock reminds me of melco. Just keep accumulating and give it time. In 3 years or less this will be a 12-15$ stock. They are making money. Listen to Lawernce Ho's posts he was telling everyone to buy MPEL in the 3$ range. Good luck and keep buying.

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    • It seems you've been drinking the kool-aid ... Buffett trades many stocks - his trades are public knowledge and can be found on the internet ... he has bragged that 99% of his trades make money - if you follow him you're aware of that ...

      His buy and hold forever mentality is limited to a very small handful of stocks, not to every position he has ever taken- you should be aware of that also .... those stocks include KO, WFC, AXP and a few others ...

      The fact that he doesn't need the money is not a reason to let a 900% profit slide down to a 150% profit on BYD ... any investor knows that ...

      Buffett is one of the greatest investors of all time - top 5 for sure, but the idea that he's infallible is cockeyed ... in fact BRKA is down 25% from it's all-time high of $150,000 in 2006 ... it also reached that $150,000 mark in the late 1990s ...

    • Investment banks operate under different circumstances than Berkshire does. They have to constantly have action because inaction often appears to be lazy and unknowing. Berkshire is in a unique position where they don't have to sell because they don't need the cash and don't need to please anybody. Yes, Berkshire did buy and sell PetroChina, but their favorite holding period is "forever." You can second guess Berkshire if you want, but as I said, it would be boneheaded.

      Charlie Munger once said "I'm right and you're smart, so eventually you'll see that I'm right." Eventually I'm sure we'll see that Berkshire is right to not sell BYD, despite the missed opportunity at short term profits.

    • BYD represents a little over 1% of his wealth but that's not the point ... many major Wall St. banks have been downgrading BYD for a year already, beginning with Goldman Sachs when byddf was around $9/sh. ... How could so many banks spot such a huge overvaluation when Buffett could not? ...

      About 4 -5 years ago he bought Petrochina, a major Chinese oil company ... he bought in at $20 and sold at $160 after it went up 8 fold ... it currently trades at $145 ... The Warren Buffett of 5 years ago knew how to value a company ...

    • It's boneheaded to second guess someone like Warren Buffett. Berkshire owning 10% of BYD represents about 1/1,000th of Berkshire's assets. If not timing the market perfectly with 1/1,000th of my wealth is my biggest problem, overall I think that's pretty good.

    • Buffett's investment is still looking OK since he bought the "H" shares at $1.08/sh ... where he failed was in not selling at much higher prices ... his success has always come from correctly valuing companies, but he failed to sell BYD even after it rose 10 times from his buy price ...

    • It seems you're correct Tomas ... BYD has cotinually lost a lot of market share to other auto manufacturers over the past year ... it's no wonder their stock has gone straight down for 21 months without any kind of a bounce ...

      You're also right about Buffett ... he didn't do his DD with this one ... the only thing Buffett and Munger have offered is "hype" ...

    • There is not reason to believe that this stock is going up. Noone cares about this cars. No profit, no money, just big debt. Of course this is a China company. Just dilution, they still need a money. Big shame from Buffett.

    • "A lot of people on this board doing a lot of speculating."

      I agree! You can pick these people out very easily. They say things like:

      "Remember this stocks can break out in a flash."

      and,

      "So if you like this companies prospects. You might want to be building a position soon."

    • Many Chinese growth stocks have plummetted to their "book" values. This one is on a straight path to $2.50, I don't really think one can argue that.

      Look at the massive debt, and relliance on govt subsidies. The sales numbers will almost certainly dissapoint as rates rise and cost for borrowing and buying new cars increases.

    • A lot of people on this board doing a lot of speculating.
      For those that are trying to bottom fish. Remember this stocks can break out in a flash.
      So if you like this companies prospects. You might want to be building a position soon.

    • View More Messages
 
BYDDF
7.03+0.33(+4.93%)Aug 29 3:59 PMEDT

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