Thanks for the "Y" Not the first time I have done it. Would like it to be the last but probably not. The price advantages to building in China are too many to count. That is why The global giants started making so much there. 35 years ago I needed a spiral cord like you use to find on a phone handset. With special shielding and abrasion requirements. The price from China were less than US manufactures could buy materials for. The outer jacket was very specific, and China had to buy the plastic from GE which only made it in a US factory. It was for an expensive piece of hospital equipment. Small hospitals could not buy the unit and large hospitals, at that time, had only one if any. Volumes were not large.
Yes BYD has a large cost advantage. This is something we just have to build into our investing strategy. If is fair or not is irrelevant, as investor we just have to take it into account.
JMO With Trump's shaky hand on the tiller, I am taking the most conservative approach to my investment that, I have ever had. Still doing OK
LYC Price at posting:
$7.46 Sentiment: Sell Disclosure: Not Held
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