Tesla 2024

vanzandt said:
Glad you brought BYDDF up. Why? Because I gave up on this stock. I found it shortly after Buffet bought in, but at the time I didn't know that he had.

https://www.elitetrader.com/et/threads/gba-presents-the-bare-essentials.365622/page-202#post-5584510

But for this post, I looked at where it was trading at.
$23.70!
Hmmmm
It may be a huge buy down here. I had no idea it had gotten that cheap.
More to follow.
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And note... even when this thing was at $30+/-, it was still overvalued on an FA basis compared to TSLA. Which itself was overvalued at the time. And probably still is.

I'll do some dd on BYD though. One thing's for sure... 10000% sure..... the CCP, or whoever runs China, isn't letting this company go TU. So... more DD required, but with a 5 year time-frame, it is probably a great buy down here. But we're cheap. If it's going lower, ie $19ish... that'll all depend on the China spin in general. For now though, I think $23 is a great level to at least dip one's toes in with a small position.
 
vanzandt said:
And note... even when this thing was at $30+/-, it was still overvalued on an FA basis compared to TSLA. Which itself was overvalued at the time. And probably still is.

I'll do some dd on BYD though. One thing's for sure... 10000% sure..... the CCP, or whoever runs China, isn't letting this company go TU. So... more DD required, but with a 5 year time-frame, it is probably a great buy down here. But we're cheap. If it's going lower, ie $19ish... that'll all depend on the China spin in general. For now though, I think $23 is a great level to at least dip one's toes in with a small position.
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i am long NIO and KWEB for quick trades, not buying byd or any individual company.

this guy is correct, china inc balance sheet is from bank loans and government subsidies, operating from free cash flow, not from capital market. any excess they will put back into new projects rather than paying dividends.

 
mervyn said:
i am long NIO and KWEB for quick trades, not buying byd or any individual company.

this guy is correct, china inc balance sheet is from bank loans and government subsidies, operating from free cash flow, not from capital market. any excess they will put back into new projects rather than paying dividends.
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So ok they don't pay dividends or buy back stock but at some point they have to pay suppliers and workers and transportation costs and R&D and .... and ... and ... just like all other competitors. Their input costs are zero.

No divi payouts/buybacks get you only so far ahead.
 
SunTrader said:
So ok they don't pay dividends or buy back stock but at some point they have to pay suppliers and workers and transportation costs and R&D and .... and ... and ... just like all other competitors. Their input costs are zero.

No divi payouts/buybacks get you only so far ahead.
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you didn’t watch. they don’t care much about the stock price as we do. capex spent on new projects and new markets. the stocks will go up only if the marco changes.
 
mervyn said:
you didn’t watch. they don’t care much about the stock price as we do. capex spent on new projects and new markets. the stocks will go up only if the marco changes.
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You're right I didn't watch because I didn't need to to comment with what you added to video link. I also don't care about the stock price and why I didn't comment about it.

They have costs, just like everyone else. Of course not caring whether the stock price appreciates or not is an advantage, but IMO only helps so much.
 
mervyn said:
i am long NIO and KWEB for quick trades, not buying byd or any individual company.

this guy is correct, china inc balance sheet is from bank loans and government subsidies, operating from free cash flow, not from capital market. any excess they will put back into new projects rather than paying dividends.

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NIO... ah, it's kind of a meme stock so for a quick trade you might do well, depends on what the spin is that week.

But KWEB? That doesn't strike me as one you'd own. Those managed sector type funds... they always seem to move slow. And down lol. I'd dump it if I were you. But I'm sure you have a reason, so that's just me.
 
vanzandt said:
NIO... ah, it's kind of a meme stock so for a quick trade you might do well, depends on what the spin is that week.

But KWEB? That doesn't strike me as one you'd own. Those managed sector type funds... they always seem to move slow. And down lol. I'd dump it if I were you. But I'm sure you have a reason, so that's just me.
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buy the dip, nikkei is all time high yet it heads into a recession.

https://www.nytimes.com/2024/02/15/business/japan-q4-gdp.html
Japan’s Economy Slips Into Recession and to No. 4 in Global Ranking
 
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