Chapter 895: The Man with $10 Billion in Cash
Greenspan suddenly laughed.
He turned his head and looked at Chen Geng with a smile, and under the gaze of hundreds of pairs of eyes, Greenspan beckoned to Chen Geng: "Mr. Fernandez, please come here." β
it!
What's going on?
Chen Geng was a little confused, and he didn't know what Greenspan's move meant, but since Greenspan, the "shadow president" of the United States, had already spoken, could he not go over?
Of course not.
So he obediently stood next to Greenspan, but Greenspan took Chen Geng's hand, and in front of a sudden flashing flash, Greenspan said to the media and reporters with a cherished face: "I solemnly introduce to you a very remarkable young man, I believe everyone knows him, yes, it is the most outstanding and talented young man next to me, the most outstanding and talented young man in the United States, who single-handedly left AMC cars from a company on the verge of bankruptcy to an annual output of nearly 2.4 million vehicles. At the same time, he single-handedly created the data research company, a proud high-tech enterprise of Americans: FernΓ‘ndez Chen. β
After speaking, Greenspan took a slight half step back and applauded softly.
β......β
Chen Geng was a little stunned, but at the same time, his heart suddenly became vigilant: This little old man doesn't seem to have any good intentions!
Not only Chen Geng was stunned, but in fact, the reporters below, John Phelan and others behind him were also confused, but it was Li Gen, who immediately reacted and glanced at Greenspan deeply: This little old man, what a chicken thief......
But those reporters were confused, and the "shadow president" applauded, who dared not applaud?
For a while, although it was not very enthusiastic, the applause still rang out.
Greenspan was very satisfied with the performance of the reporters, he nodded slightly, and continued: "I had a few words with Mr. Fernandez last night, and after chatting, I personally think that the stock prices of AMC and Data Research in the market do not reflect the true value of these two companies, such as AMC Motors, which has sold 1.34 million vehicles in the first half of this year and made a profit of more than $800 million."
Mr. Fernandez told me that for the whole of this year, the total sales of AMC cars are expected to exceed 2.8 million units, and the profit is expected to exceed $1.7 billion, if this can really be done, AMC cars will surpass Ford, General Motors and Chrysler Motors to become the most profitable car manufacturer in the United States, but in this case, AMC Motors' stock has fallen from more than $110 to $62.88, a drop of nearly 40% in one day , so I can't understand why this is happening at all. β
What the?
Greenspan's words caused an uproar among the reporters at the scene!
What they were in an uproar about was not that AMC was the top of the four major U.S. automakers, but that the chairman of the Federal Reserve actually stood up for Fernandez Chen?
God, are you old man crazy?!
Chen Geng didn't know if God was crazy or not, but he felt that Greenspan's little old man must be crazy, because the little old man hadn't finished speaking, and when he said this, Greenspan paused slightly, and then said: "Oh, there's another news I forgot to tell you that in addition to being profitable, AMC Motors also has more than $2 billion in cash reserves.
In addition, another heavyweight company owned by Mr. FernΓ‘ndez, the pride of the American high-tech sector: Data Research, has more than $5 billion in cash reserves......
Before Greenspan could finish his sentence, the reporters were already going crazy, and the flashes of the cameras were flickering: AMC Motors had $2 billion in cash reserves, Data Research had more than $5 billion in cash reserves, and his other industries, didn't that mean Fernandez Chen had at least $7.5 billion in cash?
Some reporters even had the headline in mind: The man with $10 billion in cash in his hands in the midst of an economic crisis.
As for whether this title is exaggerated, who cares so much, didn't I hear Mr. Greenspan, it is "at least $2 billion" and "at least $5 billion", which is at least $7 billion, if you are optimistic, there will always be $8 billion, and if you are a little more optimistic, $9 billion is not impossible.
Add to that the profits from Fernandez's other industries, such as used cars and his nationwide auto chain repair business, which is not yet $1 billion?
So, to say that Fernandez Chan is a man with "$10 billion in cash" is not an exaggeration at all, and it makes perfect sense.
Now, some of the reporters can understand why Fernandez Chen is attending this press conference with the chairman of the Federal Reserve, the president and the secretary of the Treasury, and the chairman of the New York Stock Exchange, because Fernandez Chen has a lot of money in his hand, and cash is king at this fateful moment!
Looking at the flashing lights below, Greenspan smiled at the corner of his mouth: this is what I want!
He continued: "During the chat last night, Mr. Fernandez told me that he thinks this stock market crash is a rare opportunity, and he is ready to take advantage of the opportunity that the current stock price of AMC is low enough to buy back some more shares, and after a while, after this crisis has passed, he will sell this part of the stock at a high price and make a lot of money...... Frankly, after listening to Mr. Fernandez's plan, I'm ready to buy some AMC and data research shares. β
What the?!
Greenspan's remarks really surprised all reporters, you must know that as the chairman of the Federal Savings Board of the United States, Greenspan's title of "shadow president" is by no means in vain, he really affects American society and the United States in all aspects, and even to a certain extent, Greenspan's power as the chairman of the Federal Reserve is greater than the power of the president of the United States. It has never been the case that he said he would buy shares in this company, but now he ......
"Gollum ......"
Someone swallowed hard: Since Greenspan is bullish on AMC Auto and Data Research stocks and is ready to buy a little, should I buy some too?
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PS: Sorry brothers, please wait a few minutes.
Under a pessimistic market sentiment, no matter what the operating performance of listed companies is, the stock price is plummeting, and the pessimism of the market continues to spread. Just as the stock market storm swept Wall Street, the newly released financial reports and operating data of many listed companies were also officially announced.