Q: Good Morning
What are your thoughts on BYD new 5 year goal to 2029 for more rapid growth?
Thks
Marcel
What are your thoughts on BYD new 5 year goal to 2029 for more rapid growth?
Thks
Marcel
5i Research Answer:
Doubling EBITDA and setting a $5B revenue goal is impressive, but of course much can happen in five years that could throw things off. Still, investors like the plan, and IF it can meet these goals the stock will likely do very well. That being said, it still has short-term challenges, and will discuss these March 19 with earnings. The stock is up 17% and the worst could be over here, depending on how the short term guidance goes.