Chapter 1031: Cheap opportunities are running out
"The worst of the subprime mortgage crisis is over. Credit markets are starting to ease, but market conditions remain challenging... Richard Fuld, CEO of Lehman Brothers Holdings, chatted over wine in a crowd of investment banking executives.
"Wall Street is closer to the end of the crisis... John Mack, CEO of Morgan Stanley, nodded in agreement, and several other people around him also nodded in agreement.
Andy kept a smile on his face, hugged Ivana's slender waist, raised his glass, turned to leave, and whispered as he walked: "Get out of here, I don't want to listen to a bunch of idiots getting together and dreaming." โ
"Poofโ"
Ivana laughed and trembled, and reached out angrily to hammer her boyfriend, "It would be rude to be heard." โ
"Hehe, wait and see, many people present will be kicked out... Andy whispered softly in Ivana's ear, and the intimate behavior of the two made many people look at them with envy.
"Ladies and gentlemen, this is my latest closed-end fund, with a share of $2 billion, with an annual return of nine percent, we are friends, you have priority... โ
When Andy walked by a small circle with Ivana in his arms, when he heard the annual income of nine percent, he turned his head with some frowns and looked at it, and saw Madoff, who was arrogant and seemed to be giving alms to others, and couldn't help but sneer.
This old liar seems to be in trouble, and is in full swing to scam money and plug the hole, although he knows that if he makes his situation public now, he can allow many people to reduce their losses or avoid losses, but this is about Andy.
He's still waiting to make a deal with Paulson on this matter, besides, this old liar is not alone, his biggest accomplice is MG Chase, and when the time comes, he can pit MG Chase and avenge the Huberston Commercial Bank.
The next morning, Andy and Ivana finished their morning run, and after a while of frolicking in the bathroom, they changed their clothes and started breakfast.
Major media outlets reported on last night's reception by Wall Street bigwigs, interviewed some guests, and expressed their opinions on the $25 billion special Treasury auction.
Of course, there has been a lot of coverage of the run on IndyMack Bank, and all kinds of speculation, analysis, and worries are rampant, creating new panic for this run.
"Indymac Bank is too focused on subprime lending, and it's too focused in California... Closing the newspaper, Ivana's bright eyes blinked, and she commented as she looked at her boyfriend who was eating breakfast opposite.
"Hehe, if it's scattered, I can't look at it, 32 billion US dollars, 1 in 192 households in California is in a state of foreclosure, the foreclosure rate is 2.6 times the average in the United States, this situation will get worse as the economic crisis deepens, do you know what that means?" Andy smiled as he ate breakfast and looked at Ivana.
"A large number of mortgaged properties will become the property of banks, but the downturn in the real estate market will put a greater burden on banks. Ivana analyzed with a slight frown.
"Not only real estate, but also land, the domestic demand in the United States can not be solved for the time being, I can introduce external forces to share it, California as the largest Asian immigration state, and Asians attach great importance to real estate is incomprehensible to Westerners, especially this year's Celestial Empire immigration wave, two or three hundred thousand dollars a villa, tsk, do you think the Celestial Empire people who are not bad for money will directly buy with cash... โ
Andy tore a slice of toast and stuffed it into his mouth and said with a smile: "Don't worry, I have a plan, the houses in the good community are sold to the immigrant Celestial Empire people, and the land can be sold to the Celestial Empire Real Estate Company that is expanding outward, they are not bad for money!"
"If there is a good plot, we CP Group can also buy it... Ivana rolled her eyes, a charming smile on her face, and said to Andy.
"Full settlement, no problem. โ
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In the office on the 58th floor of the Newsweek Building in Manhattan, Andy was frowning and listening to Li Xiaoying's report on the talks with Yahoo these days, because the current Ali is not as strong as the future, and this time Microsoft acquired Yahoo, mainly because Yahoo's core advertising assets are very affirmed by Microsoft.
However, because of Yang Zhiyuan's unwillingness, Yahoo still insisted on an offer of at least $53 billion, equivalent to $37 per share. Microsoft's offer three months ago was $44.6 billion, equivalent to $31 per share.
In fact, the current Yang Zhiyuan has fallen into a dilemma, he is unwilling to sell it, Yahoo is his hard work, and it is also sold to his long-term subordinates, if he does not sell, he and the other founder Philo no longer have much control, but in my opinion, in fact, they are already Jiang Lang's talent, and there is no better way to change the decline of Yahoo. โ
Li Xiaoying analyzed indifferently, "When I first met with Yang Zhiyuan, the reason why he did not reject our proposal to acquire Ali's shares was because he thought that in the short term, a large amount of cash might be needed to take measures to make it more difficult for Microsoft to acquire Yahoo. โ
Andy was also a little speechless, "What else does he want for this kind of price?"
To be honest, Andy did not expect that Ali B2B would become the HK version of a certain oil after the listing of HK, and it fell all the way, quite a certain oil degree, from a market value of 20 billion US dollars to the current 4.1 billion US dollars, it has indeed walked out of a downward line that makes people vomit blood. And Alibaba's (Cayman Islands) market capitalization has also shrunk to 20% of the time when the B2B subsidiary went public.
In fact, to be honest, Andy has always been on guard against Jack Ma, not to mention what he regards as an investor, nor is he the sixth-most fun to cross the river and tear down the bridge, anyway, I used to be very happy to see him pit those foreign investors, but now that it is himself, Andy is a little less beautiful.
However, this guy does have a set of money, and Ali will eventually reach a market value of hundreds of billions of dollars, Andy will naturally not miss this wealth growth point, but to guard his shares and not let him pit himself, the best way is to keep increasing the shares in his hands, because maybe he will come up with a crooked trick to reduce the shares in the hands of shareholders.
You know, Yahoo is the most typical example, from 39% all the way to 24%, which shows how powerful it is.
"No matter what, we have to get a part of the shares from Yang Zhiyuan, so that you tell Yang Zhiyuan that we are willing to buy a part of Ali (in the Cayman Islands) at a valuation of $20 billion.
To be honest, if Microsoft's acquisition of Yahoo is disturbed this time, and Yahoo's performance fails to meet Wall Street's expectations, Yang Zhiyuan is likely to be forced to resign as Yahoo CEO, leaving us not a lot of time, and at that time, there will definitely be a power struggle between Ali and the new Yahoo CEO!"
Hearing Andy's words, Li Xiaoying nodded solemnly, but shook her head and said: "Because the transaction contract signed by Yahoo and Ali that year, accounting for 40% of the shares, only has 35% of the voting rights, and the remaining part of the voting rights belong to the Jackma team, this clause is valid until October 2010, maybe we can only get four percent of the shares at most, and we will not get the voting rights of this part of the shares for a while." โ