redhots

Anyone still holding this? Gear is up about 8x up from the last post. Crazy.

Anyone thinking of keeping the units?

Nice tweetstorm here from Steven Sinofsky. https://twitter.com/stevesi/status/1080972697239277569

Here are a couple of write-ups... https://seekingalpha.com/article/4165045-bonhoeffer-fund-partner-letter-q1-2018 https://jdpcap.com/wp-content/uploads/2018/04/Teekay-FINAL-PRESENTATION-2.pdf

You need to work it out from the 10Ks. It is the HKD position. Munger admits it is BYD at the last annual meeting.

I have been buying more. Here are my quick notes. Stock is down ~50% since high in Oct. (but that high was a quick ramp). Stock is at the same price ($5.34) that DJCO (Munger) purchased last year - who arguably knows a lot about this investment. Financials currently aren’t great (possibly misunderstood by the market) because of * subsidy changes on electric vehicles earlier this year.. But that is temporary and going to reverse and is already reversing. * Skyrail projects not completing in 2018 - waiting on approval from central government. Creating a moat as the low cost producer. Optionality * Skyrail (Monorail) business is new and could be very large * CATL just had an IPO and BYD is pretty much the same capacity. BYD is now less in market value than CATL and you get all of the other stuff (outside of battery making) for free. BYD said they are opening up the battery business to others… Also just announced they are the biggest battery capacity in the world. * NEV credit system could bring in a bunch of cash. (selling excess credits) * World wide expansion continues (India, Europe, USA, Canada, Brazil, etc...). They have spent a ton of money expanding. * Manufacturing of EVs like cell phones are made… It is opening up its powertrain and car electronics for outside use. DiLink could open this up to other manufacturing that don’t have this skillset. Deal with Changan (10 GWh battery factory) could be the model of the future. * Wang Chuanfu envisions 1 trillion yuan revenue by 2025 which is ~10 times last years revenue. * Huge opportunity to recycle / reuse batteries from buses, trucks, etc... * 52 year old founder that is one of the best entrepreneurs with a long runway in front of him. - Nice diversity across business lines * Consumer cars * Buses, Trucks, Forklifts, etc.. * Energy Storage * PV * Electronics business

https://finance.yahoo.com/news/berkshire-hathaway-amends-share-repurchase-220400739.html

Looks like GOeVisit switched tech providers and is now using Bright.md's SmartExam platform https://www.prnewswire.com/news-releases/goevisit-employs-brightmds-smartexam-platform-to-provide-canadians-easy-access-to-healthcare-through-their-smart-device-300680089.html @compoundinglife Did you get the details of the convertible debentures? I sent a note to Marta Davidson but I never heard back.

You are joking, right? $5 million at USAA for me $91.40/Month or $1,096.74 a year

A year later. I did another quote on USAA. $30.46/month for 1 million. $45.70/month for 2 million.

They are buying back stock again with prices up to 1.20 Euro/share. 222,000 shares in the last week.

Nice article on buying small businesses. https://www.adventur.es/the-micro-pe-reality-check To get a small business we probably have to pay a multiple of 3 or 4. Also there should be more and more inventory. But it takes time. 6-12 months to close and a bunch more time to find one ;-).

EVERYTHING Warren Buffett & Charlie Munger EVER said on Apple https://www.youtube.com/watch?time_continue=32&v=dXqb6OOE46Y

You can assume its BYD by comparing the fair values in the 2015 and 2016 10-K and see that they closely align with BYD share price. From the latest 10-K So we know they spent $5,013,000 since the cost went up. If you look at end price and it is in fact BYD then they bought 929,224 shares at $5.39 a share. It looks like purchased those around Dec 2016/Jan 2017. (just looking at closing prices). So an increase of 19%. BYD is 25% of their portfolio as of 9/30/2017.

Ask about BYD! (They bought more in 2017) How will all of the EV competition effect BYD? Is their vertical integration a competitive advantage? Can they be the low cost producer?