Two years to benefit seven times times Buffett withdrawal stock BYD?

Source: Internet
Author: User
Keywords Buffett BYD two years
Yangcheng reporter Zhang Eili reports: Deep in the net rumors and sales decline of BYD or will be tested again. September 26, media reports said that today's visit to China's Buffett plan to withdraw shares byd.  In this regard, auto marketing experts Zhang Yong analysis that BYD has always been the Buffett stake as a propaganda point, if the Buffett real withdrawal, will have a certain impact on the image of BYD, which will also be bound to make its share price frustrated.  Buffett has benefited seven times times. According to media reports, Mr. Buffett's visit to BYD may not be good news for the company, whose real purpose may be to sell the stake, which has doubled its value several times. It is reported that Buffett's Berkshire Hathaway in 2008 to buy a 10% stake in BYD, the current part of the stake is worth 1.6 billion U.S. dollars, is the original purchase price of 230 million U.S. dollars nearly seven times times.  Still, the $1.6 billion trillion is a far cry from the 2.5 billion trillion dollars it peaked last October. Zhang Yong analysis that Mr. Buffett's original stake in BYD is a fancy to the company's electric technology, but because of its December 2008-listed electric car BYD, the use of iron batteries is actually lithium iron phosphate battery, and can not obtain policy support, can not be widely promoted. And a few days ago, pure electric vehicles will face the same dilemma. This is far from what Mr Buffett originally envisioned.  In addition, as investors, high throw low suction is a very normal thing. Wang Jianjun, deputy general manager of BYD's Auto sales company, said Mr. Buffett had no plans to sell BYD shares.  "Buffett will accept BYD's invitation to visit China, although the detailed itinerary is not confirmed, but certainly did not withdraw the shares of BYD." BYD's 2009 crisis is strife for BYD. Since the industry in May this year, BYD Chengdu "Gold" distributor back to the net, BYD Auto 4S shop back to the network incident, and eventually turned into a nationwide network of retreat crisis.  And the main reason for the dealer to return the net, that is, BYD regardless of the dealers bear ability, wantonly Yahuo lead to the consequences. According to media reports, only 8 BYD dealers in Chengdu have pointed the finger at BYD's mandatory Yahuo. "In fact, we do not want to do, now inventory is serious, the funds are tied up, so can only be dragged." Because the huge margin is in the hands of manufacturers, and inventory of vehicles so much, if you really want to return the net, we will lose very heavy.  "A dealer in the media interview said, the most time inventory cycle of up to 3 months, in Shanghai, Beijing, Henan, Jiangsu and other fields have occurred, many dealers are selling cars at a loss, there is suffering speech." At the same time as the dealer's large area retreat, BYD was forced to announce its 2010 sales target from 800,000 to 600,000 by August 4 this year. When the sales target was released in early 2010, Wang Jianjun, deputy general manager of BYD Sales company, said confidently: "We have the confidence to create miracles again." "BYD Board chairman Wang also releasedSpeak strong language: BYD to take electric vehicles as a powerful weapon, in 2015 to achieve "China first", 2025 to achieve "world first."
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