Chapter 349: Turnaround
Detroit, Michigan, USA, luxury suites at the Hilton Hotel
"Django, did the G3 fund overdo it this afternoon? In this way, I am afraid that Mr. Smith hates Merrill Lynch to the core, and instead turns to cooperate with Goldman Sachs or Morgan Stanley? How do you tell me to explain to Mr. Geckor? Chambers-Fit was in the living room with his hands behind his back, but Jiang Yelin was silent in front of the window looking at the night in downtown Detroit, and when Chambers stopped and stared at himself, the goods turned around lazily and said,
"Boss, don't blame us for this, it's Smith, the old fox, who betrayed you and me first, originally everyone said it was good, the list of Saturn Automobile's IPO was handed over to Merrill Lynch to do, and I was so embarrassed for the first time, you said that I brought you and Mr. Geko to Detroit to meet this guy, and he turned against me and told me that the board of directors and the new chairman are not equal, and this IPO underwriting qualification should be open to bidding, and public bidding is not impossible, right? But do you think that Rick Wagner's guy is preparing for a public tender? Our people and his people want financial information to push back and forth, Goldman Sachs and Morgan Stanley are said to have piled up a whole room of information, who is this coaxing! ”
"Well, it's a bit unreasonable, but it's not surprising that Rick Wagner, the chief financial officer, and Mike Doug from General Motors' strategic investment department, all jumped from Morgan Stanley to General Motors, and it's not surprising that he elbowed his old club, right? If you want me to say, we were a little careless, thinking that everything would be fine if we got Smith, the president and CEO, now it seems that Smith is an old fritter, and I even doubt that when you talked to him alone, did you scare the other party and think that we were going to do something to General Motors, so Smith retreated afterwards? ”
Chambers Fitter's analysis is actually in place, basically close to the truth of the facts, Jiang Yelin's prosperity in the G3 fund can't help but be a little arrogant, thinking that he can persuade the president of General Motors with his three-inch tongue, the result is good, Smith is firm in the confidence to let Saturn Motors spin off and go public, but he is deeply afraid of the magic boy of Merrill Lynch, maybe this is just an intuition, Smith feels that Jiang Yelin's plan for his ideas is almost flawless, but, he always feels, There is no pie that falls from the sky, so this guy thinks that it is okay for Saturn to be listed, but it must be guarded against Merrill Lynch!
"Maybe I'm underestimating the despicability of people's hearts, I thought that I could build friendship and gain each other's trust by meeting each other frankly, and I could establish friendship and gain each other's trust, now it seems that the so-called heart of harm is indispensable, and the heart of defense is indispensable, Boss, fortunately, the G3 fund today shorted General Motors at least made a lot of money, according to after-hours statistics, We liquidated 12.6 million shares held in the account at the average transaction price of 61.125, and shorted 12.6 million shares at the average price of 60.125, the average price of the closing position was 57.125, and the G3 fund earned $4 per share on GM in one afternoon, and now the G3 fund remains short, the net value of the unit fund is $1.7216, and the asset size of the fund reaches 430 million! ”
Jiang Yelin tried to keep a low profile when he said this, but Chambers Fit still smiled happily after hearing it, the net value of the unit when the G3 fund was open for subscription last weekend was 1.5235, today is Thursday, and the net value of the unit has soared to 1.7216 in four trading days, which means that the net value of the G3 fund has increased by 13% this week, which is a good result against the sky, because the G3 fund is open for subscription once a week, and it can be redeemed 24 hours after the appointment, such excellent results can be achieved under this conditionWhen the subscription is open on the weekend, I am afraid that more investors will subscribe to the G3 fund......
"The performance growth of the G3 fund is of course a great joy, but what about the list of Saturn Motors' IPO? I estimate that the stock price of GM will not be able to rebound after the pallet today, and the other party should realize that the situation is serious, and it is likely to prompt GM to join forces with Goldman Sachs and Morgan Stanley against us...... When the time comes, don't fall short of both, but instead fulfill our competitors...... You have made a military order in front of Mr. Gecco to win the Saturn Motors IPO order! "Chambers-Fett's mind is clearly still clear.
"I said, when did Merrill Lynch ever be afraid of competition? In the case of General Motors, it is not that we can give up Goldman Sachs and Morgan Stanley to retreat, we fight or not, Goldman Sachs and Morgan Stanley are our biggest competitors, this afternoon Goldman Sachs and Morgan Stanley followed us to short sell General Motors in the stock market, but not because of a united front with us, but just speculation, according to the return of the market transactions, the other party did not make up after the short sale at the price of 59-60, what does this mean? It shows that these two companies are waiting for the price to continue to put pressure on GM...... Their methods are darker than ours! ”
Jiang Yelin's words hit the nail on the head, and Chambers Fit felt that he needed to re-examine the subordinate in front of him, so young and so sharp and sharp, is this guy in the central sales department his own blessing or a time bomb in the future? If you don't control the rhythm, maybe this guy can poke a hole in the sky......
"Django, tomorrow is Friday, what are you going to do? Assuming Goldman Sachs and Morgan Stanley have reached a private deal with General Motors...... "Chambers mused to ask his subordinate the young man.
"If my estimate is correct, the probability of surrendering to us from General Motors and Mr. Smith, who are in a hurry, is less likely to be to win over Goldman Sachs and Morgan Stanley to fight against us, in this case, our opponents will no longer be General Motors, but Goldman Sachs and Morgan Stanley, head, what about our relationship with Salomon Brothers, Lehman Brothers, and Credit Suisse First Boston?" Jiang Yelin asked this because he knew that he would win all battles, the more teammates the better, and the fewer opponents the better.
"Merrill Lynch, as the largest securities company in the industry, what do you say the relationship will be? These guys are always waiting for us to stumble and look at our jokes, and we lost them to get into the middle of it, but, specific to each IPO list, people who have money will not sit idly by and watch Goldman Sachs and Morgan Stanley monopolize it, anyway, it's enough to choke, thank God if you don't add to the chaos, if you want to find a partner, you have to be ready to stab someone in the back at any time...... "Chambers Fitter has been immersed in the securities market for so many years, and he has done things that pit people behind his back or be pitted by others, Wall Street is a killing battlefield, This thing of human communication is definitely giving way to the interests of Chiguoguo!
"Head, if we were looking for a bird, which company do you think would be the best fit? After all, Merrill Lynch is only an investment bank and a brokerage, and it is impossible to really acquire and operate the automobile manufacturing industry, right? Jiang Yelin's thinking was very divergent and outrageous, but Chambers Fit smelled the smell as soon as he heard it, and said in surprise, "I said boy, what do you want?" Can't you get a list of Saturn's IPO, and you're still going to fight General Motors' idea? ”
"What's so strange about that? Saturn is not my ultimate goal, General Motors has been losing money for three consecutive years, I see that the patience of shareholders and investors is almost to the limit, now is the weakest time for General Motors, I dare to say, in private want to hit the idea of General Motors can definitely not be one or two, a market share of 5.5 million vehicles a year and those high-quality manufacturers, parts suppliers, sales channels, etc., etc., etc., but they are a piece of coveted big fat! Jiang Yelin's words were obviously not untrue, but Chambers-Fit still felt that this kid was too whimsical! General Motors has net assets of $18.8 billion and total assets of more than $60 billion. How dare you think!
"Django, I have to remind you, you've been a little too self-aggrandizing lately, although Archimedes said that if you give him a fulcrum, he can pry up the earth, but the automobile manufacturing industry is a pillar industry in the United States, and the acquisition of General Motors is not something that can be achieved by just saying it, I think it's better to put the goal on how to get the order for the Saturn Automobile's IPO......" Chambers felt that he needed to pour some cold water on the hairy young man in front of him, otherwise he was really afraid that this kid would set Merrill Lynch on fire.
"Head, I need the full support of the company for this matter, and it is unreserved trust, otherwise I will definitely not be able to do anything, I want Smith to know that if he regards Merrill Lynch as an enemy, then the consequences and costs are not what he and General Motors can afford, as for Goldman Sachs and Morgan Stanley, let them become our opponents, in the case of negative performance of listed companies, the stock market is just a zero-sum tool, someone must be accompanied by someone to make money, and if he changes other opponents, it is not enough to call a battle with Merrill Lynch......" Jiang Yelin knew that he couldn't scare Chambers back in a hurry, but fortunately, his trading on the G3 fund has been smooth sailing so far, which has given the bosses enough confidence and great expectations.
"Young man, I have to know your plan before I can assess the feasibility, before I can ask the company for support, and I can lobby Salomon Brothers, Lehman Brothers and Credit Suisse First Boston on your behalf, otherwise I can't sleep at night, Mr. Geko will probably lose sleep at night, right?" How much money do you need to mobilize, how long will it take, and what will you achieve? I have to know all of this before I can do it! Chambers's eyes actually shine brightly, if Wonder Boy is really a genius lucky star who has not been born in 20 years, Chambers feels that his opportunity to become GPC's vice president is not far off.