Once again my drafts are starting to overwhelm me, so it’s time to publish some unfinished work. They say better late than never. That may be true in the long run for BYD, but sooner would have been better for this Chinese battery come electric car manufacturer which on Charlie Munger’s advice Warren Buffett got David Sokol of the BRK subsidiary MidAmerican Energy to check out and then buy 10% of for $230 million.

Buffett’s 10% strategic investment is now worth close to $590M. They bought at $8 a share and BYD is now $20.50. I started looking at BYD when it was around $12 at the end of March and posted the followed links on 15 April with the price at $16. I didn’t invest and now will stand aside waiting for a better value opportunity. Though with the CEO of BYD, Wang Chuan-Fu, prepared to drink his own battery fluid, anything is possible and I may never get a better opportunity than right now. C’est la vie!

A Starter for Ten

Strategic Investment by MidAmerican Energy in new H shares.

Buffett’s BYD endorsement sends shares soaring

http://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/index.htm?

http://www.greentechmedia.com/articles/buffet-invests-230m-in-byd-1488.html

http://www.google.com/finance?q=HKG:1211

Basic Fundamentals

David Sokol Interview on BYD

[Update: Wang sells all his BYD H shares]

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