598 Windfall Chrysler stock
After the matter was dealt with in Los Angeles, Chen Zhiwen came to New York, the financial capital, where there was still a major transaction that he needed to deal with.
At the Waldorf Astoria Hotel in New York, Chen Zhiwen had just checked in when an old acquaintance came to visit.
"Eric, I've always invited you to the United States." Henry Morgan said with a smile.
"Henry, you're also the owner of NBC TV, why do I feel that you always work for Morgan Stanley?" Chen Zhiwen asked with a smile.
Although they are all members of the Morgan family, and Morgan Stanley is also the core business of their family, the importance of NBC is not overstated.
"Haha, that's because I'm only here to contact you for Morgan Stanley, and they know that we have a good relationship." Henry Morgan smiled and said: "I don't participate in other things, but then again, after getting familiar with NBC TV, I basically started to learn from you, delegating power to my subordinates, and making it easier for myself, anyway, I have absolute control, and no one else can turn the sky around." ”
"Yes, we have so much wealth, we should enjoy life." Chen Zhiwen shrugged and said.
There are also many rich people, and naturally there are a variety of groups that pursue different, such as Sam Walton of Walmart and Warren Buffett of Berkshire, who belong to the kind of people who are more "saving", they have money, but they will not enjoy it too much. Of course, this "saving" is relatively at the same level, and for any ordinary person, it is still the difference between heaven and earth.
There is also a person like Steve Jobs, who likes work very much, is obsessed with work, and regards the achievement of work as his life goal.
The other is the enjoyment type, not only to enjoy life, but also to hire professional managers at work, which is common in people who are successful in entrepreneurship and are not young, or the second and third generations.
In short, everyone has their own differences, Chen Zhiwen obviously belongs to the last type, life to enjoy, work is also to try to delegate power to his subordinates, of course, it is not easy to do this, he knows history, it is easy to succeed, under normal circumstances, it is still difficult to get to this point.
But it still depends on the mentality, even if you are poor, you can enjoy life.
"It's just that maybe it's a little too boring sometimes." Henry Morgan did not continue the topic, asking: "You came to New York this time, did you want to set up a contractor to go public on Costco?" ”
Costco's listing will be the largest IPO in the United States in recent years, and its unique business model has proven its strong profitability and possible upside in the future, while other peers want to copy, but they can't do it at all, that is, Walmart's Sam's Club, both in terms of quality and quantity, is far from Costco.
On top of that, Costco's business model will deeply bind a large number of members and squeeze the living space of other peers in the vicinity, which is considered by Wall Street to be the best retail model, and the only flaw is that it can only open stores in big cities.
However, this problem is not very big, as long as you have money, you can completely create a retail brand store for second-tier cities, similar to Wal-Mart, because Wal-Mart can't copy Costco, but theoretically the reverse is possible.
Although, these are the speculations of a group of people on Wall Street, but what about the stock price, itself is not just looking at the present, but focusing on the future, such a big potential, plus Costco itself is already large enough, once listed can also go out of the United States, such a stock, who is not tempted?
"There's no hurry, Costco's plan is to go public in mid-'87, and there are still 2 years to go." Chen Zhiwen shook his head and said.
Since it is a sweet spot in the eyes of Wall Street, he naturally will not be in such a hurry to find out who is the contractor, before it is decided, there is enough time to complete the maximum benefit, and in two years, Costco's development should also be able to go up a notch, and then take advantage of the huge bubble in the US stock market in 1987, he can make a lot of money.
"Yes." Henry Morgan nodded and said, "Then you came to New York just to deal with the Chrysler stock in your hand?" ”
"Yes, all Chrysler shares in my hands will be cleared, and I also need you Morgan Stanley to help me find a suitable buyer." Chen Zhiwen nodded and said.
Four years ago, just after the second oil crisis, the entire United States had high oil prices, serious inflation, and high interest rates, which gave companies like Walmart Costco, which are good at controlling costs, an opportunity to develop rapidly, but for most companies, it was a nightmare model, such as the U.S. auto industry.
Since the outbreak of the first oil crisis, the U.S. government hastened to introduce fuel consumption control policies, and the previous U.S. car companies are high-fuel consumption models, which immediately suffered a major blow, coupled with the impact of Japan's fuel-efficient vehicles, the entire U.S. auto market is on the verge of collapse, and the worst of the three giants is Chrysler.
Although Chen Zhiwen knows the history, the return on investing in the auto industry stocks is not high, and this industry is suitable for pure investment to increase influence, rather than economic benefits, so even if he knows that Chrysler can turn around in the future, he is not too interested.
However, for Chrysler, there was an urgent need for life-saving money, so in the transaction with AMC, a lot of patented technologies were ceded, and Chen Zhiwen finally invested $300 million.
Today, these stocks are worth more than $1 billion, which looks like more than three times, but compared to too many special opportunities, it can only be considered average.
And Chen Zhiwen also knows that this is basically Chrysler's peak, and in the late 80s and early 90s, he will stop eating again, so he decided to sell it this year, even if it may rise a little more in the next few years, he is not uncommon. This money can be cashed out and used to invest in mainland Japan or Hong Kong Bay, which can be easily multiplied several times.
When it comes to almost 10% of Chrysler's stock, it is not possible to sell slowly in the stock market in the normal way, first, it may suppress the stock price, and second, there are many restrictions on the sale of shares by major shareholders, and this is not the kind of place in Hong Kong where there is almost no control over the stock market.
Therefore, Chen Zhiwen needs to entrust the investment banks in the United States to find someone who is willing to take over, that is, internal transactions, and the US government cannot control it, unless it is a special industry with special restrictions.
"Okay, I'll release the news on this matter, but it involves a transaction of more than a billion dollars, and it may take a long time to find a suitable buyer." Henry Morgan said.
"You don't need to find just one, even if it's some small investors who want to buy some of it, that's fine." Chen Zhiwen also said that although this kind of transaction is a little troublesome, it can be done early, after all, even in the entire United States, there are very few institutions or individuals who can take over these stocks with one billion dollars at one time.
"What about the price?" Henry asked again.
"It's almost okay to buy more than the normal price in the market, and if the other party buys more, you can let it a little." Chen Zhiwen thought for a while and said.
If it is to be acquired, it must be at a high price, and in turn it must be reduced, but the latter will not have such a big impact on the stock market, therefore, just make a little bit appropriately, and a few points are generally enough, unlike acquisitions, 20 points may not be too much, and even the more the price increase, the easier it is to pull up the stock price.
"Okay, understood, in this case, if the speed is fast, it is estimated that it will be possible to shoot all of them in three or four months." Henry Morgan nodded and said.
"That's the best, when the money is cashed out, I will entrust you to transfer the money overseas in batches." Chen Zhiwen said again.
Chrysler is a listed company, and the capital of Chen Zhiwen introduced at the beginning of the stock exchange, which also needs to be filed on the stock exchange, in particular, Chrysler faced bankruptcy that year, and it was the U.S. government that provided support to barely survive, and in this case, the U.S. government must also have monitoring it, who will invest and who lends money to Chrysler, the U.S. Department of Commerce has a record.
Since it is a normal investment, then the stock is now cashed out and then paid tax, it is free money, even if the value is close to $1 billion, it can leave the United States openly, after all, the US government will not ruin its reputation for respecting the "free market" for such a small amount of money. Of course, you have to pay taxes first.
"That's no problem, I'll give you the lowest discount in the future." Henry smiled and asked again: "Eric, what are you investing this money in when you transferred it out of the United States, the mainland?" ”
"I'm not sure yet." Chen Zhiwen naturally understood the other party's thoughts, so he asked again: "You said before that you would also invest in Japan, how much have you invested so far?" ”
"Not much." Henry Morgan shrugged and said, "I have limited funds, and my main business is still in the United States, so I bought a small office building in Japan.
If our family invests more than me, it certainly accounts for a small proportion of the company, and the financial industry generally does not invest in person, and we are just trying our best to persuade our customers to agree to transfer funds to Japan to invest, and then our investment bank will pay dividends from it. ”
"That's pretty good." Chen Zhiwen said with a smile, this is indeed not the highest return, but it is safe, in the short term, it is not as good as those players who play hedging, but in the long term, it is a stable god, the god of hedging Soros, once punched the Bank of England, kicked more than a dozen countries in Asia, and overturned half of South America, but when he is old, his wealth is not as good as half of Buffett's.
"Eric, although we also think that the Japanese market is very promising in the future, as far as I know, the White House is now pursuing the depreciation of the dollar, so we also need to urgently transfer some of the capital out, but it can't all be in Japan." Henry Morgan said, "If you had a lot of money in your hands, where would you invest it? ”
"Southeast Asian countries, or Eastern European countries." Chen Zhiwen said: "Developed countries, although they are already the most advanced places in the world, but because of this, it is almost impossible to make rapid progress, but now the global industry has begun to globalize, the most suitable of which is Southeast Asia and Eastern Europe, Eastern Europe can undertake a large amount of capital from Western Europe, Southeast Asia is the place with the largest population and the lowest wages, and can undertake global industry, or Japanese industry." ”
These are also virtual theoretical knowledge, even if Chen Zhiwen doesn't say it, outsiders can analyze it, but the analysis is out, whether you dare to invest big is another matter, for Chen Zhiwen, Hong Kong + the mainland, as a long-term investment is enough, other places, short-term money can be, such as Japan, let him run for a long time, he is not interested, unless it is a supermarket, hotels such as lasting profit projects.
Of course, real estate rent is also counted, but Southeast Asian countries are not comparable to Hong Kong and the mainland, to 97 years of the Asian economic crisis is basically all zero, although you can withdraw before that, but it is still troublesome, not as good as Hong Kong and the mainland, Hong Kong's real estate even after 98 years has fallen a lot, but that is also compared to the high price of 97 years.
In fact, one of the basic aspects of his relationship with the Henry consortium is that he provides them with some projects or places with investment potential, and he will not participate in it anyway, so it is better to maximize the benefits in this way.
"We're not good at industry, Eric, you mean the real estate industry?" Henry Morgan asked rhetorically.
"Yes, I am also optimistic about the real estate market in Southeast Asia, there are no major problems in the world, it will inevitably continue to rise until the bubble is very large, and then you can withdraw again, I think, with your ability, you should be able to see when to retreat." Chen Zhiwen smiled and said: "Besides, you will not invest directly, but do finance, and the risk is a little less." ”
Bank loans, basically for banks are very small risks, especially for large-scale projects, there will be a variety of guarantees, the larger the bank, the stricter the control in this regard, the reason why there will be a bank crisis, itself is that many people operate in violation of regulations, or for the sake of interests will be greater risk and so on, just say the subprime mortgage crisis in 2008, in fact, the subprime mortgage itself has a large impact on the bank, but it is not enough to sweep the world, the root cause of technology This group of people through various financial means, the risk is transferred to the world, In the end, the collapse of the US government had to intervene.
"Southeast Asia? Okay, after we go back, we need to discuss it internally. Henry Morgan nodded and said, such a big thing, anyone can only give some opinions, after all, it is still up to them to decide internally, but even so, with Chen Zhiwen's achievements in the mall for so many years, his suggestions will definitely be considered.
"You decide for yourself, it has nothing to do with me, I'm just saying a possibility." Chen Zhiwen shrugged and said.
"Then you don't invest in Southeast Asia?" Henry asked again, and if it was, it would be more convincing.
"Isn't Hong Kong also in Southeast Asia?" Chen Zhiwen said lightly. (End of chapter)