Michael Burry Buys BYD Stock After Calling It a Low-Cost Leader
Photo: CoinCentral
TLDR Michael Burry added BYD (BYDDF) in an October 6 portfolio update, with the stock at $9.67. He called BYD “potentially the lowest-cost producer of vehicles in the world.” BYDDF trades at 0.99 times sales, below its historical median of about 1.3x. GuruFocus sets its GF Value at $12.60, a 23% discount to the current price. The size of Burry’s position was not disclosed. BYD (BYDDF) stock trades at $9.67, and Michael Burry has added the Chinese EV maker to his portfolio. The move was disclosed in an October 6 update on his Substack.
Source: CoinCentral
