Chapter 55: Troubled
"So that's the case, no wonder they lose so much!" Jiang Shan's face showed an expression of sudden realization, and then he sighed in surprise, "It's really evil now, whoever gets a subprime mortgage will be unlucky, I really haven't seen anyone exception!" ”
Over the past year, companies including HSBC, New Century Financial Corporation, Kamison Brothers and Stanley have been embroiled in subprime lending turmoil. 3 Among them, HSBC cut off their relevant departments in North America and prepared a large amount of funds as supplementary capital, while New World Capital Corporation directly declared bankruptcy. The other two are big names on Wall Street, and despite all the rumors in the market, and despite the fact that their reports are sometimes quite ugly, so far no one thinks they will collapse because of this.
And in November, the Fed cut interest rates again, releasing liquidity in the market. This signal has only increased the confidence of some people.
But it's still early!
"Yes, it does!" Zhong Shi followed Jiang Shan's words and sighed sincerely.
It's just that as soon as the words fell, I heard a commotion in the trading room, and soon the voice reached Zhong Shi's side, "It's rising, it's actually rising, it's really fucking evil, what's going on?" ”
"yes, are they traying on their own? It's unlikely! ”
"Oh my God, did you see that? Even a few other stocks of the same and similar have turned green, what is going on, aren't they competing? ”
……
After hearing these words, Zhong Shi glanced at Jiang Shan with a tacit understanding, both of them took a fancy to the confusion in each other's eyes, and after looking at each other, they invariably walked quickly to the trading hall to see what was going on.
I saw it on a computer screen. Stanley's stock went from falling a few minutes ago to a sharp upward surge, recovering nearly half of its losses in just half a minute, which is a roller coaster ride up the trough, which is jaw-dropping.
"What's going on?" After Zhong Shi skillfully operated a few keys. The curves of various indicators were quickly turned up, and he squinted his eyes for a long time to make sure that there was indeed a force that was about to enter the stock market of Stanley Company, and asked the traders in a deep voice.
According to any investment logic, if a company has a huge loss of this scale, its stock price is unlikely to rise and soar. But the facts were born in front of him, and for a while, Zhong Shi could not explain this unreasonable phenomenon.
"The news is out, someone has invested in Stanley!" Soon a trader was on the news. Then it was read out loud, "Huaxia Investment Co., Ltd. injected $5o million to buy Stanley Company's convertible bonds, which will be exercised in August 2o1O, and the converted Huaxia Investment Co., Ltd. will hold no more than 1o% of Stanley's common stock." ”
After saying that, the trader sighed heartily: "Oh my God, it's the sovereign fund that has made a move." Sure enough, he was very bold and generous, and bought close to 1o% of Stanley's common stock at the current price, no matter how you look at it, it is a big profit. ”
Judging by the current stock price of Stanley Company floating around $5O. In the first three quarters, the total revenue was more than $28o, with an average earnings per share of around $1O. If you deduct profits from preferred stocks and bond yields, the price-to-earnings ratio is between 1o and 2o years, which is definitely a very good long-term investment.
Naturally, if it weren't for the huge losses within Stanley, and if it weren't for the good relationship between Stanley and Huaxia Financial's top management, the deal would not have been completed.
"Hmm. They made a good deal! After listening, Zhong Shi nodded slightly, and a satisfied smile appeared on his face. Although there have been several frictions between Huatou's funds and his funds in the past few years, Zhong Shi has been instructed to back down. There were no substantive problems between the two sides, and of course, there would be no co-workers.
But soon, Zhong Shi realized that something was wrong, how could someone from Stanley Company be willing to transfer such a large amount of shares to someone else, this is unreasonable! Just as he was looking down and pondering, suddenly the door of the trading floor was forcibly opened from the outside, and a group of people in black suits walked in. Before the traders could come to their senses, these apparently well-trained men in black took over all corners of the trading floor.
"What's going on?"
Just as everyone's thoughts were racing, an elderly white man with a silver head walked in. He is about 1.75 meters tall, his figure is not bad, and he does not have too many wrinkles on his face, but the silver on his head still betrays his age. When he walked in, everyone realized that this might be the guy who was taking the lead, and immediately fell silent, everyone waiting for him to speak.
Seeing that it was this scene, the man in white and black nodded with satisfaction, glanced at everyone unhurriedly, and finally his gaze stayed on Zhong Shi, who was stunned. Walking two steps slowly, he came to Zhong Shi, held the nameplate on his chest in his hand, and lit up towards everyone, "Color C, my name is Dawen. Kira, now suspect that you are engaged in insider trading, and everything here is to be taken away as evidence. Also, Mr. Zhong Shizhong, please come with us! ”
Intentionally or unintentionally, he lifted his suit and revealed the pistol at his waist. With his actions, the other men in black also brushed their suits together, revealing the guys around their waists.
"Are you arrested?" Zhong Shi looked around, his brows couldn't help frowning, "Please take out your search warrant for the search, and besides, if it is an arrest, I would like to inform my lawyer." ”
"Not an arrest, of course, or I'd have read Miranda rights to you!" Darwin. Kira pulled out a piece of paper from her bosom and handed it to Zhongshi slowly, "This is a court-approved search warrant. According to the rights granted, everything here is to be brought back! ”
Then he made a gentlemanly salute to Zhong Shi and waved one hand out the door, "Please, Mr. Zhong." I know you're a big guy, but we're just interested in big guys. Well, very interested! ”
"Go to my lawyer!" Zhong Shi commanded Jiang Shan, and then strode out, bowing his head and pondering as he walked, what the hell is Stanley Company doing?
He didn't pay any attention to the trouble in front of him. (To be continued!)
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