Is Warren Buffett’s Chinese Winner a Stinker now?

As reported by Shira Ovide from WSJ–One of Warren Buffett’s favored playthings/investments, Chinese car-and-battery maker BYD, is getting crushed this morning after a disappointing earnings report.

Li Lu, the man once seen as possible successor to Buffett, helped introduce the Oracle of Omaha to BYD. Buffett invested in BYD in 2008, and it looked at first like a winner, climbing more than six-fold.

Lately, though, earnings disappointments seem to have become commonplace for BYD. Earlier this summer, BYD shares plunged after a disappointing earnings report.

Read more here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s