Chapter 203 [When Capital Has a Conscience, It Makes People Feel Frustrated]
Bluestar Technology Headquarters, Internal Executive Meeting.
Zhang Bowen opened the document in front of him, looked around and looked around at all the participants and said: "Recently, Wall Street is constantly breaking negative news about subprime mortgage bonds, North American existing home sales have fallen by 3.9% in the middle of this month, its largest subprime mortgage company CFC has reduced lending, and more seriously, New Century Finance, the second largest subprime mortgage company in North America, is facing Wall Street's $17.4 billion forced debt and declared bankruptcy the day before yesterday. ”
After a pause, Dr. Zhang continued in a deep voice: "Not only that, the U.S. stock market has fallen sharply across the board, the Dow Jones index has fallen 2%, the S&P index has fallen 2.04%, and the Nasdaq index has fallen 2.15%, and the stock price of Bluestar Technology, including the technology sector, has not been greatly affected for the time being, but the subprime mortgage crisis in North America should not be underestimated. ”
As a multinational technology giant company, Bluestar Technology Group has a capital flow of 100 million yuan, and there will be a group of top financial talents within the group.
Zhang Bowen has to pay attention to this matter, in the middle and late last month he began to pay attention to the news of Wall Street, although it will not be directly affected, but it will also indirectly have an impact on Bluestar Technology, which is reflected in the reduction of revenue, and the outbreak of crises in other companies, advertising revenue will shrink.
The larger the company, the more impossible it is to completely avoid this financial risk.
Once a global financial crisis is triggered, no one can avoid it, and the impact on the larger the company will become more obvious.
Bluestar Technology is not a financial company, in the outer circle, but the physique is big enough, even if the North American region has a serious economic crisis on the impact of Bluestar Technology, because 39% of the group's revenue comes from the North American market.
At this time, Luo Sheng looked at Erin who was sitting in the conference room and asked, "How much working capital does the company have now?" What has been the performance so far this year? ”
Hearing this, Erin opened an audit material document and looked at it and replied: "Up to now, the revenue in 2007 is 6.67 billion US dollars, the revenue in the first quarter of 2007 is expected to reach 7.3 billion US dollars, the net profit is expected to reach 1.788 billion US dollars, the current net profit for this quarter is 1.575 billion US dollars, and the company's cash flow is 14.7 billion US dollars, which can be used for turnover at any time." This cash reserve has ¥10.7 billion overseas, and the rest is in the mainland, about ¥31 billion. ”
The major executives heard this Erin's report, and their hearts were more steady, and basically everyone on Wall Street had heard the news a little bit, but no one would panic about it.
For no other reason, the company now has money.
With a total cash reserve of ¥113.7 billion, the most important thing is that Bluestar Technology does not have a single debt, and it can survive this winter even if a global financial storm breaks out.
Then of course, don't panic.
Luo Sheng sat leaning on the chair, and said with a light smile: "More than 100 billion cash reserves, the family has surplus food, and we are not panicking, we wait and see what happens, the explosion of the Americans' subprime mortgages is not a completely bad thing for us, and with more than 100 billion in hand, it is a good opportunity to harvest the bottom on a large scale." ”
Speaking of this, Luo Sheng immediately sat upright, and immediately looked at Zhang Bowen: "While the Americans' house is on fire, let's take advantage of the fire to rob." Lao Zhang, three things, the first thing is to take this opportunity to quickly land cloud computing services in North America, IBM must also be affected by its pressure, so we will put some pressure on him, where is the motivation to come from without pressure. ”
As soon as these words came out, they couldn't help but usher in a full laugh.
Luo Sheng continued: "The second thing is to actively prepare for the acquisition of Sun Microsystems Co., Ltd. of North American Sun Computer, prepare first, and start to launch an acquisition invitation in the second half of the year; The third thing, to start a round of repurchase plan, I estimate that the North American subprime mortgage crisis will not only further erupt and sweep the United States of economic disaster, the financial crisis will definitely affect the world, the economic problems of the United States and the world economy will definitely follow the problems, no listed company can be spared, Bluestar Technology is no exception, in the lowest stage of the stock price to start a first-scale repurchase program. ”
The company's cash pool is indeed too much money, 113.7 billion yuan, equivalent to about 10% of the company's total market value, so much money has no place to spend then repurchase shares.
As for dividends, don't think about it, Luo Sheng will definitely not pay dividends, the company's profits are either used for development or share repurchases, there is no third option.
Zhang Bowen hesitated when he heard this: "Mr. Luo, this is ...... Isn't the step too big, this kind of multi-line attack at this moment ......"
Luo Sheng said with a smile: "The so-called starvation of the bold and the cowardly, it is right to be cautious, but if you see it, you have to attack decisively, don't hesitate." Are you afraid that the company may have a shortage of funds, and at this special time node, the bank will tighten the loan and not be able to get the money, which will cause the capital chain to break, and the company will not be able to borrow money from the bank, right? But you can borrow it from me. ”
Hearing him say this, Zhang Bowen thought that Luo Sheng has cashed out nearly $6 billion one after another since the IPO of Bluestar Technology, which is not a fixed asset, but a cash flow that can be taken out at any time.
"Understood."
Thinking of this, with this guarantee, Zhang Bowen has no worries.
In fact, if Zhang Bowen knew that Luo Sheng had taken all his money to bet on the North American housing market, it is estimated that the whole person would be stupid.
Of course, Luo Sheng wouldn't tell him what the money was for, as long as his brain didn't twitch, it was impossible to tell them the truth, and it was necessary to conceal it under special circumstances.
……
In the afternoon, Luo Sheng came to the Cote d'Azur company.
"I recently spent a week systematically combing through the North American mortgage bond market, and there are already a few default cases." Qin Weimu came to Luo Sheng's office, and the two were sitting together at the moment, and she was sitting next to Luo Sheng.
After Qin Weimu returned from the United States, she took some time to study the situation in the financial market.
She has a high level of knowledge in finance herself, but her current job does not require much skill in this area.
Qin Weimu took out a blank piece of A4 paper, and said as he wrote: "Wall Street bankers mixed collateralized debt bond A with collateralized debt bond B, and in turn collateralized debt bond B was mixed with collateralized debt bond A, and then repackaged it into collateralized debt bond C, which is the so-called dual debt collateralized bond, and there are also debt collateralized bonds composed of credit default swaps, which have become so-called synthetic debt collateralized bonds. ”
Luo Sheng asked simply: "Then how much will our $6.2 billion subprime mortgage be bet on now?" ”
Hearing this, Qin Weimu put down the pen in his hand, leaned on the sofa one after another, and hugged his chin thoughtfully: "Think about it, 6.2 billion US dollars...... The market for collateralized mortgage bonds is about 23 times the actual size, and could theoretically reach $142.6 billion ......"
When he calculated this number, Qin Weimu himself was also taken aback, and couldn't help but hide his mouth and his apricot eyes widened.
Luo Sheng exclaimed: "My God, it's just super leverage." ”
After Qin Weimu reacted, he couldn't help but say softly: "If the mortgage bond is a match, then the collateralized debt bond is like a sponge full of kerosene, and the synthetic collateralized debt bond is a depth bomb, this is not only the economic disaster of North America, the world economy will also collapse, it is only a matter of time, the later the collapse will be more terrible, countless enterprises around the world will collapse and go bankrupt, and thousands of people will be unemployed, displaced, and lose their pensions, pensions, and pensions...... And we may make more than 600% profit from it, and every profit is stained with blood......"
After speaking, Qin Weimu let out a long sigh, but he was not happy that his worth had skyrocketed, but he felt sad about the impending world economic disaster.
Luo Sheng could feel that she was not pretending.
"It's worth it to be impressive to be able to maintain this rationality and kindness in the face of money, isn't it? But when capital is no longer greedy but has a conscience, sometimes it is quite frustrating and even painful. ”
"I'm not a capitalist, I'm not a banker, I'm a lawyer." Qin Weimu turned to look at him and corrected him very concernedly, and after speaking, he calmed down again, and said to himself:
"I know that the real world is like this, it has not changed before, it has not changed now, it will not change in the future, and no one can change it, I have emotionally thought about donating this money, but reason tells me that this is stupid, because even if you donate all your wealth, you can't change anything, and you will even be hated, this is human nature."
Luo Sheng couldn't help but quipped when he heard her words: "It seems that your mind is still controlled by reason, then I will rest assured." ”
Qin Weimu reluctantly showed a smile when he heard this, and sighed lightly: "It's just that sometimes it's quite frustrating to calm down and think about it. ”
Luo Sheng said: "Compared with the gang of people on Wall Street, our moral bottom line is not know how many times higher than theirs, the subprime mortgage crisis should have erupted this month, but now it is pressed, why?" ”
Speaking of this, Luo Sheng couldn't help but look at Qin Weimu's beautiful face: "You are more professional, you should know better than me, the debt-backed bonds are made by them, and they make a lot of money, and now they are playing with it, and they are in a hurry to get rid of it to unsuspecting consumers, and even the major investment banks on Wall Street are betting against themselves, this is the real greedy nature......
After a while, Luo Sheng added: "I have earned some of this money and can also change the world and promote the progress of human civilization, which can play a more effective role than those in the hands of those people on Wall Street, should not be depressed, and should treat the money earned with a sense of mission, is it reasonable?" ”
Qin Weimu couldn't help but be stunned, he also turned to look at Luo Sheng, seeing the other party's smile, thinking back to what he had just said, he couldn't help but laugh coldly, and shook him angrily.
"It's so righteous and awe-inspiring, it's exactly the same as the standard villain in the movie, a guy who feels good about himself."
Luo Shengle laughed and said: "Don't say it, the villain's execution and purpose are quite clear and unhesitating, but what about decency?" It's always one step slower than the villain, as for me, let's not go to extremes, have people with strong execution and decisiveness like villains, and just retain some sense of justice, well, a little bit is good, so this is the best way to survive in this world. ”
……