c**i
发帖数: 6973 | 1 Joanne Chiu and Kate O'Keeffe, Buffett-Backed China Venture Falters. Wall
Street Journal, June 30, 2011.
http://online.wsj.com/article/SB10001424
052702304450604576415082507001662.html
Quote:
"China car and battery maker BYD Co. said its first-quarter profit fell 84%
from a year earlier, dragged lower by weaker sales * * * its profit for the
three months ended March 31 fell to 266.7 million yuan (US$41.2 million)
from 1.7 billion yuan a year earlier.
"Shenzhen-based BYD has tumbled more than 70% since hitting a record high
closing of HK$85.50 in October 2009
My comment: Mr Buffett may meet his waterloo in BYD, his first and only
venture in high-tech (OK, leaving battery aside for the moment, car making
is still technology--without the high--something Mr Buffett avoids). |
|
