The media just LIED about Warren Buffett's BYD 'stock dump'

The media just LIED about Warren Buffett's BYD 'stock dump'

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#WarrenBuffett #bydstcok #bydevs #evnews

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[drew]

I saw like 6 BYDs cruising around in Costa Rica last week...pretty cool.

[rinna]

Did it ever cross your mind that Birkshire invested in BYD many years ago. They had good value at the time. The shares are overpriced at the moment, despite growth potential. Berkshire would never purchase now, since there is no MARGIN OF SAFETY. Their profits have already been made though, smart bet. Just keep riding the wave.

[anthonybha]

1100 shares, about to buy more. BYD is now a supplier to both Tesla and Toyota - what moron doesn't see the huge value in this stock?

[qilu]

here is some info from a conference call today, sep. 2. Wang Chuanfu said these:
1) current backlog is more than 700k
2) by the end of 2022, aim for 280k monthly delivery
3) for 2023, byd shoots for 4m+ delivery

pretty bullish in my opinion. byd's financial will improve dramatically. we may see earnings explode. also, a lot of expansion have been done, and next year not as much investment is needed, so going forward, free cashflow will be huge.

[qilu]

they can never hold such a big stake to the top. as value investors, they like to trim positions on the way up. he sold 0.5% of his stake. what a big deal! in fact, knowing this news would shake the market, buffet would have sold the shares at a much faster pace if he wanted to sell more, before stock price tanks upon the release of this info. the fact that he sold such minimal portion means he was not planning to sell a big chunk of the stake.

[MrCountrycuz]

I own 700 shares of byd and have been concerned about the drop. I thank you for this info.

[vvnn]

Buffet sold a tiny portion to keep his ownership stake just under 20% of BYD's total ownership. This enables him to avoid "Equity Method" accounting treatment for his BYD investment. Above 20% he has to report his portion of BYD's earnings on Berkshires income statement and pay taxes on them. BYD does have some risks (and tremendous potential too) but the market reaction to this particular Buffet sale is silly.

[josefwackerl]

Interesting video. In principle you are right: no need to panic.

Although a few notes:
- BYD continued to fall to about 22 $. Then it started to rise again until it was known, that Berkshire sold the next 3 M of shares.

Note: The problem was not the operation as such. At the day, when the sell was accomplished, the shares rose. The downward turn set in a few days after, when the news appeared. So it is basically the fear, that at the end Berkshire will sell all shares of BYD. That may happen. My personal opinion is, that he does that, because he fears a looming war for Tawain, which may happen in a couple of years.

- Many people write, that Berkshire owns about 20% of BYD. But this ist not true! In fact it owns only about 7%. Why? Because BYD has two sorts of shares, 1.1 B "H-shares" (which are traded in Hong Kong) and 1.8 B "A-shares" (which are traded in mainland China). So people who say that it's 20% ignore those A-shares, but this is a mistake.

So in conclusion: Even if Berkshire sells all it's stake it will not be the end of BYD. It's just 7%. But a Tawain war will be a problem for western shareholders. So it's a matter of whether you believe in such a war or not. I personally take the risk, as BYD is really the best and most profitable producer of electric cars in the moment. And if they stick with their earnings from Q3 2022, the P/E ratio is just 20. That's cheap.

PS: Now I understand it even better. Berkshire musst only notice the market, when it goes below a full percentage point. So in fakt, it is selling all the time, every day, in small amounts. It just does not need to give notice every day.

It has now already sold about 28 M of it's original 225 M stake. That's about 12%. So it goes faster than I originally assumed. I just hope, the share price will not suffer too much. But if it does, I will take the chance and buy.

[ricnyc]

The media and the government are the same thing in some countries.

[PeterXiao]

BYD has two key subsidiaries seeking IPO: the batteries and semiconductors subsidiaries, respectively

[bencunningham]

The problem is that selling that small amount of his share has caused such a large drop in price. Considering the underlying fundamentals of the company haven't changed.

[KineticEV]

As of Friday September 2nd BYD (stock ticker here in the US) closed at around $55. I maintain my shares. I didn't pick up any new shares because the overall drop wasn't significant enough for me to justify doing so given the trend of the stock itself. So I'm pretty much holding until I feel as though there's an opportunity to buy more.

I wasn't swayed by the news (click bait) for the reasons you cite. Of the over 200 million shares and them only selling off 1 million or so I knew it was a nothing-burger so I ignored the FUD...

[byddf]

I think Buffett wants to sell more (or sell all), but there is no one to buy from him.

[hawtan]

Warren Buffett is simply taking profit from BYD stock. They bought it at around $8 HKD and now selling it at over $220 HKD! That's almost 30 times return! Whether they are down on the future is hard to say but definitely take profit if I were him.

[qilu]

BYD August delivery number: 174915. A little bit disappointment here. I expected at least 180k. darn!

[dexocadong]

It's not implicated with BYD but rather because of the diminishing status as a financial centre where Hongkong stands, due to the forecasted chairman of China 2 months later.

[J.Bunny]

It's not much. But why do they sell at all?

[gabbyroppelt]

Hi VIKING Thank you so much for telling people what really happened. Several days after rumors started BYD stock started to tank the only place I could find any info on the reason was TD Ameria Trade which was Buffett had sold 1% of its holding At the same Buffett was taking a large position in Occidentail Petroleum which is why I think he sold the 1% of BYD. What is so surpising is there no bad news concerning BYD's operations to warrant any drop in the stock price.

[MrCountrycuz]

Why am I buying Byddy?
Should we be buying byddf???

[psv]

Don't mention Kraft Heinz when talking to Buffett.