This stock has been trounced; beaten, abused.... most of the low targets by analysts have been met. This is still a formidable company with cutting edge technology. I'm in at these very low bargain prices.
I think its a buy. Downside 2 upside Unlimted
Its a real company with real earnings and real innovation
At this level its insane cheap. Sooner or later they will go on a major exchange
its got major upside potential regardless.
What I've noticed about this stock is that it tends to bounce arround (seemingly) erratically whenever the HSI is influenced. The recent drop in price doesn't seem to be related to any news in particular about the company. The most recent news is marginally positive (setting up shop in Canada at Detroit's doorstep) so the drop in price is likely related to the market as a whole. That said, the HSI will continue to take a beating if market conditions don't improve and even good economic data from the US can't overcome the eurozone woes of late.
Barring some revolutionary breakthrough in technology, I'm inclined to believe that BYD will only go up if the market goes up and I'm not confident that the EU situation will allow for that any time soon. After all, where is the money required to mitigate the crisis going to come from?
It's easy to blame the Greek people at first glance for thier "lavish" behavior but let's think about this. Let whoeverso would be resistant to living a better life cast the first stone. If we consider our current economic infrastructure it becomes clear that this problem was inevitable.
Let me put it this way: in the US it is said that our financial woes are more "manageable" than those of EU countries like Greece, Spain, Portugal, and Ireland. But is that really true? If so, how is the problem "manageable"? How are we to repay a $14T deficit? Do we truly conceptualize the implications of that? Even if we doubled our current tax rates (assuming the American people would not revolt) we would still merely be adding less to the overall debt; not paying it off. In order to REALLY pay off the debt we would have to cut ALL spending, including military and intelligence, in half over a period of DECADES! Does anyone see that happening? Didn't think so...
So the only real way to "manage" the debt is to keep inflation going up at a manageable rate, thereby reducing the value of the dollar which in turn makes the debt seem less problematic and is the only way to allow for the US government to keep funding all current institutions at the rate required to sustain them. The ONLY way manage our current situation is to keep the process going as such. We have been doing that for almost a century which expains why the value of the dollar has been hacked down 96% over that period. If we did make the necessary cuts in spending, half of the employees of the world's largest employer, the US government, would be unemployed. This in turn would lead to unemployment compensation having to be given at unprecedented levels while at the same time cutting productivity in half. It's simply not an option because the system would implode.
The reason I invested in BYD is because of its vision to create a zero-emissions auto transportation economy in China. Because we simply MUST transform our current energy consumption habits in order to sustain life on this planet over the long term, I believe that the real value of companies in the future will be inherent in thier contributions to cleaning up the Earth. BYD appears to be at the forefront of EV technology and is in a position to revolutionize how people transport themselves in what will be the world's largest market for transportation.
I want to believe that the market will sustain itself long enough for companies like BYD to make the necessary breakthroughs that will generate enough value to revamp the global economy but the system inherently stacks the chips against that so I'm not sure what to do. I'm seriously considering pulling what I have left from BYD and all other ties to the market because the more I consider investing from all angles, the more I see it as foolish to bet on a system that seems headed for implosion any way you look at it.