Wesley trying 2 B an Intelligent Investor

BYD: Risky Now, Value Later

From what I've gathered in their annual report Buffet bought 225 million shares for 230 million dollars. Thats a $1.02 a share. From what I understand over the last 5 years they have averaged .51 RMB (Chinese Yuan) EPS. Thats about 6.5 cents per share a year. At 4 bucks a share thats a little high for me. The most they have made in the past 5 years was about 10 cents a share in 2007. I actually bought about a $1000 worth at $1.85 and wished I would have put a lot more in at that time. I am waiting for the shares to come down to the 2-3 dollar range, but given their growth potential and their seemingly high popularity I may or may not get that. The shares were as high as $9 in late 07 which is just ridiculous and so is $4 and $5 right now i think. If you have 5 or 6 years to wait it out, you'll probably do well at this price. Buffet bought this for his MidAmerican Energy company so that they can test their batteries for backup power on their Solar and Wind Energy projects and because Wang Chuanfu is just an amazing CEO. I want to be more like Buffet and invest in well run businesses with plenty of growth potential, but I don't want to over pay for that.