Chapter 1016: Decision
Instead of looking at the NASDAQ trend analysis report, John Mark went directly to AOL's stock price data. Pen ~ fun ~ pavilion www.biquge.info
As of today's close, AOL's stock price has been fluctuating for a week, and finally settled at $26.522 billion, with a market capitalization of $43.6 billion. Compared to the peak of market capitalization of $46.1 billion last week, it fell by a full $2.5 billion again.
Morgan Stanley has been on the sidelines and has no intention of selling its shares, but John Mark knows that many shareholders who are worried that AOL's stock price will collapse under the pressure of a massive reduction in Firefly Investment's holdings have already begun to sell their shares.
According to data on the handheld Chinese paper, this week alone, AOL stocks traded $5.6 billion, more than one-tenth of AOL's market capitalization.
Obviously, while some people are leaving, there are also many investors who are optimistic about AOL stocks quietly entering the market.
In the past, John Mark has been focusing on Morgan Stanley's core business such as equity and bond issuance, and has not paid much attention to the international foreign exchange market. However, this week, after learning more about the state of the Russian economy and the economic crisis in Southeast Asia, he also began to agree with Eric's analysis of the future trend of the Nasdaq.
After looting out Southeast Asian countries, the huge profits made by major international travel funds need to find an investment target as soon as possible. Originally, he thought that the investment target was likely to be Russia, whose economic conditions are recovering, but now he understands that Russia's economic recovery is completely an illusion, and that these funds will only flow back to North America, which is in the midst of the Fed's interest rate hike cycle.
North America is also in the midst of a surging wave of new technologies, so it is only natural that it will be the best investment target for these investors.
Then, the Nasdaq breaking through 2,000 points is likely to be just the beginning, as Eric said.
Facts have also proved Eric's judgment, after the Nasdaq index successfully broke through 2000 points last week, the growth rate not only did not slow down, but there were obvious signs of acceleration, but this week, the Nasdaq index was close to 2070 points, an increase of 3.5%.
Putting these general economic trends aside, John Mark's attention quickly returned to AOL.
In addition to Yahoo, which will only be listed at the end of the year, among the several star technology companies in the NASDAQ market, Microsoft, Cisco, Intel, SUN and other company shareholders do not have any plans to reduce their stock holdings on a large scale, even Yahoo, the original 30% of the new stock issuance ratio has been compressed, and the final new stock issuance ratio may only be 10% to 15%, Wall Street investment institutions want to invest heavily in these companies, it is unlikely in a short period of time.
Then, ignoring the hidden risks, it is not difficult to find that Firefly Investment's plan to reduce its holdings of AOL stocks on a large scale is not only not a threat, but an opportunity for Wall Street investors.
After carefully weighing the pros and cons, John Mark finally made a decision.
He plans to unite a group of investors to eat all the stocks in the hands of Firefly Investment at once.
Based on the current market capitalization, Firefly Investment's direct 32.6% of AOL shares are worth about $14.2 billion. With such a huge amount of stock assets, it is impossible for any investment institution on Wall Street to fully undertake it.
However, if it is dispersed and a dozen or even dozens of investment institutions jointly take over, then it is very feasible to digest this $14.2 billion worth of stocks.
On the other hand, this kind of behavior is very similar to a corporate IPO. The issuance of shares happens to be one of Morgan Stanley's basic businesses.
Of course, the value of AOL shares held by Firefly Investments is simply too high.
$14.2 billion, which has surpassed the record of $13 billion in the largest IPO in the history of Deutsche Telekom set a few years ago, so it will certainly be difficult to implement in practice.
However, as long as it can take over the shares in the hands of Firefly Investment, the sword of Damocles that has been hanging over AOL will be invisible, and AOL's stock price will completely get rid of the risk of major shareholders reducing their holdings at any time. Without the constraints of Firefly investment, coupled with the rapid development momentum of AOL itself, the company's stock will undoubtedly take advantage of the new wave of technology.
After making a decision, John Mark did not hesitate, directly picked up the phone on the table, and began to convene Morgan Stanley executives, who planned to hold a meeting overnight to discuss how to implement the plan.
Morgan Stanley's extraordinary high-level meeting was held late into the night, and even Morgan Stanley's new CEO, Philip Purcell, called to ask John Mark about his intentions.
Although Morgan Stanley and Dean Stanley have been merging for more than half a year, and the dispute between the two companies' original management systems over the management of the new company has also been settled with the appointment of Philip Purcell, the former helmsman of Dean Stanley, as the CEO of the new company, the executives of the original Morgan Stanley system have never given up the intention of fighting for the initiative, and the business of the two companies has not begun to merge on a large scale for various reasons.
John Mark didn't hide his plans from Philip Purcell, but he didn't intend to invite him to participate.
The next day, John Mark, who had had rested for less than five hours, flew to Los Angeles again with the plan discussed by Morgan Stanley executives last night.
Eric receives an invitation from William Hirst III of the Hearst family and had planned to take Aniston to Hearst Castle in St. Simon on Saturday. When I got up in the morning, I received a call from John Mark, so I had to cancel the trip temporarily and stay at Jianjiao Manor.
At this time, in the study on the basement floor, Aniston, who was dressed casually in a T-shirt and jeans, was obviously in a very bad mood, drawing an ugly portrait of Eric on the wide writing board that occupied the entire wall, throwing away the pen in her hand, and rubbing over like an anxious kitten, lying behind the leather chair and hugging Eric's neck.
Eric put down the draft of "Gravity" in his hand, reached out and pulled Aniston behind him to his lap, hugged the chick on the waist and kissed her on the cheek, sorry: "This is really an accident, we will go to San Simon together in the afternoon and come back on Monday, okay?"
"Didn't you say that Gravity would start on Monday, how could this be delayed," Aniston said, leaning comfortably on Eric, "It's just that I finally had a date, I'm sorry, I bought a dress." ”
Eric said, "Oh, then you can go and change it now, I'll take a look." ”
Aniston said angrily: "I won't change it, I won't show it to you." ”
Eric smiled and said, "Okay, if you don't change it, you won't change it, anyway, I don't like the way you wear clothes." ”
"Ah, you bad fellow," Aniston was confused, then realized, and bounced off Eric with a smile, but instead of running away, he turned and sat down on the wide desk in front of him, and raised his foot to kick Eric lightly in the leg.
Eric didn't dodge either, looking at the sweet girl in front of him with a smile, Aniston's appearance has hardly changed over the years, just like the first time I saw her. Thinking about all the things he has experienced over the years, Eric can't help but feel a little emotional.
Aniston felt Eric's gaze, but suddenly became a little embarrassed. insisted on staring at him for a moment, then picked up the "Gravity" sketch that Eric had just placed next to him and blocked it between the two, and said shyly: "Don't look at it." ”
Obscured from view, noticing Aniston's little hand holding the drawing board, Eric suddenly remembered something, got up and said, "By the way, I suddenly remembered that I have a gift for you." ”
"What?" Aniston, who was pretending to be an ostrich, jumped off his desk and followed.
Eric walked over to the wall, removed the artwork to reveal the safe in the wall, and said to Aniston, whose eyes were sparkling, "Now, close your eyes first." ”
"Cut, I'm not unfamiliar with your safe password. Aniston said, simply turning around and dragging her little voice, "Is that okay?"
Eric wasn't worried that Aniston would see the password to the safe, but that it would be bad if she saw the whole set of rings inside.
Opening the safe, Eric picked one out of the box containing the ring, closed the safe, turned around and pulled Aniston's left hand, which was still facing away from him, and tried it, just on the ring finger of his left hand.
When Aniston saw Eric put a rose gold ring on his hand, he first raised an eyebrow, then took the ring off again, skillfully checked the engraving on the inside of the ring, and then said dissatisfiedly: "I don't want to fall behind the red heart Q behind that Nizi." ”
Eric was a little surprised, "You know this?"
Aniston puffed up, "That Nizi has shown off in front of me many times, how could I not know, besides, I have seen people wearing such rings in public more than once and being photographed." ”
With that, Aniston glared at Eric again, returned the rose gold ring in his hand, and said, "I want the K of hearts too." ”
Eric also digested the information that Aniston had just revealed, and with the girl's personality and her-for-tat relationship with Aniston, she would indeed take the initiative to show off the ring she got to Aniston.
As for the one who was photographed, it should be Julia, among the women who got this set of rose gold rings, only Julia wore it on her hand all day long.
Subconsciously taking the ring handed back by Aniston, Eric smiled bitterly: "There is no K of hearts, every ring is unique." ”
Aniston had a little more cunning in her eyes: "Then I want the king." ”
"This won't work," Eric immediately shook his head, and added, "Neither can Xiao Wang." ”
Aniston knew in her heart that this was unlikely, otherwise the big and small kings would definitely fall into the hands of Drew, which would be her turn: "Or, Eric, you open the box, I'll pick it myself." ”
Now that Aniston already knew about the ring, Eric stopped hiding it, opened the safe, took out the box containing the ring, and showed it to Aniston.
Aniston saw that there were seven rings missing in the box in addition to the king, and Barabala-bara blamed Eric, but finally took the plum blossom king, and said that he would wear the ring directly in this way, a rose gold ring inlaid with black diamonds, even if it was seen, it was estimated that it would not be associated with an engagement ring or the like.
Looking at Aniston, who was playing with the ring on his hand with great interest, Eric put the box away again, then walked over and reached out to put his arm around the girl's thin waist, and said, "Janie, you must know that you can't take off this ring when you wear it." ”
Aniston had just seen the rose gold ring, but her heart was nowhere near as indifferent as Eric had seen.
Hearing Eric say this, Aniston leaned on Eric's arms, his chin rested on his shoulder, and was silent for a while, "Why am I so unlucky to meet you guy." ”
"Yes," Eric nodded softly.
Aniston lightly hammered Eric on the back and snorted, "What are you encing?"
"I wonder how lucky I am to make you so unlucky. ”
Aniston's jaw twitched on Eric's shoulder, and she whispered hot air in his ear, baring her teeth like a kitten, "Your ear is right next to my mouth, believe it or not, I'll bite it off." ”
Eric fell silent suddenly, and the two hugged tacitly for a few moments, until the communicator on the wall lit up, and Eric knew that John Mark had arrived, so he let go of Aniston.
"I'm sorry, Eric, to bother you on the weekend, oh, and the beautiful Miss Aniston, my wife's favorite thing to watch you do in Friends. Sure enough, it was John Mark who arrived, and as soon as they met, the two sides exchanged pleasantries.
"It's okay, I don't really have anything special to do on the weekend," Eric subconsciously maintained an oriental politeness, and Aniston rolled her eyes at the listen.
Gently handshake John Mark and greet him, Aniston took the initiative to make coffee for the two of them, she had already seen the maids in the manor, but the chick was absolutely unwilling to let those girls in.
After a while, a pot of coffee was served, and Aniston avoided it again, and Eric and John Mark, who had a casual conversation, got to the point.
Taking out the plan that he had been busy until late at night last night, John Mark handed it to Eric and said, "Eric, you can take a look at the plan we made first, and we will talk about it later." ”
Eric nodded, the reason why he would give up taking Aniston to St. Simon for the weekend in favor of this meeting was because he had already listened to John Mark on the phone to briefly explain his ideas, but he must have to learn more about the other party's thinking before the matter could continue.