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BYD Company Ltd. Message Board

  • paidit4ward paidit4ward Jul 22, 2010 10:54 AM Flag

    Seeking Alpha makes reference to BYDD

    See Tesla Headline section or click on Link below

    YD Company, Ltd. (BYDDY.PK) is a Hong-Kong Chinese battery manufacturer which launched an electric vehicle division in 2003. It is already selling electric cars and buses in China, and expects to have models meeting Western safety standards for sale in 2011. The BYD gasoline-powered F3 sold 24,000 units in China in the first five months of 2010. If any company is going to mass produce an affordable, mass market electric car at high volumes in the next couple of years, I think it's a lot more likely to be BYD than Tesla. BYD's battery business is profitable, with total company 2009 earnings of about $0.26 a share. Warren Buffett's MidAmerican holdings took a 10% stake in BYD for $232 million in 2009, which would value the company at $2.3 Billion, or about $1 per share. Buffett's investment helped the company by lending credibility and raising investor interest, but at current prices I would not expect new investors to make money. Opinion: Worth further research if the stock falls below $3.
    Not a Chance of this falling below $3.

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