2011年8月25日

巴菲特喜爱的比亚迪成了烫手山芋? Has Warren Buffett's Chinese Winner Turned Into a Stinker?

伦•巴菲特(Warren Buffett)最喜爱的消遣或投资之一中国汽车和电池制造商比亚迪股份有限公司(BYD)周二上午股价暴跌,此前该公司发布了一份令人失望的收益报告。

Bloomberg News
在一度被视为巴菲特可能接班人的李路帮助下,这位“奥马哈先知”和比亚迪相识了。2008年,巴菲特向比亚迪投资。一开始,比亚迪成绩斐然,股价大涨了五倍多。

不过近来,发布屡屡令人失望的盈利数据对比亚迪来说似乎已成了稀松平常的事。今年刚入夏时,比亚迪的股价就曾在该公司发布了令人扫兴的财报后狂跌不止。

据巴菲特旗下伯克希尔•哈撒韦公司(Berkshire Hathaway)的备案资料显示,该公司曾以每股约1.03美元的价格收购了比亚迪2.25亿股股票,略低于后者全部股票数的10%。甚至在比亚迪在香港上市股票去年大跌64%后,巴菲特所持比亚迪股票的价值依然是他收购价的两倍多,约合4.67亿美元。

尽管如此,我们还是想知道,巴菲特是否后悔在今年春天伯克希尔•哈撒韦公司的年会上把比亚迪放在如此引人注目的位置上。该公司年会被称为“资本家的伍德斯托克音乐节”(Woodstock for Capitalists),而今年的年会主题是“飞机、火车和汽车”。

在年会的出席证、议程表和海报上都印有这样一个图案:一辆比亚迪产的汽车与巴菲特旗下飞机租赁公司NetJets的一架喷气式飞机以及巴菲特旗下铁路运营商BNSF的一列火车并肩而立。

Shira Ovide


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.

Buffett's company bought 225 million shares of BYD, or just under 10% of the company's stock, at a price of about $1.03 a pop, according to Berkshire regulatory filings. Even after a 64% drop in BYD's stock price in Hong Kong in the last year, Buffett's stake in BYD is still worth more than twice what he paid, or about $467 million.

Still, we wonder if Buffett is regretting putting BYD in a favorable spotlight at this spring's annual meeting of Buffett's Berkshire Hathaway. The theme of this year's Berkshire meeting, the Woodstock for Capitalists, was 'Planes, Trains and Automobiles.'

An image of a BYD-made car, along with a jet from Buffett-owned NetJets and a train from Buffett-owned railroad BNSF, were featured on ID badges, programs and placards.

Shira Ovide

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