American Fortune Life

"Boss, this is the analysis data of Lehman Brothers, and all the listed data are exclusive information..."

Andy Ruo looked at Michael Dior, the chief analyst of his think tank, with deep meaning, nodded slightly, took the information and read it.

The first basic course necessary for a real analyst is to become an accountant, understand the company's financial statements (if you want to speculate in stocks, it is best to be able to understand, which contains many secrets), understand the various accounting processes behind The interests of the game, and restore the company's true financial situation.

Then it is necessary to personally investigate the sales, management and other aspects of the company's operations on the spot. Great analysts should also have their own exclusive sources of information. The higher the level of the information source, the more valuable the information obtained.

When Lehman launched the glamorous performance report and self-rescue plan, Michael Dior saw through the performance report behind Lehman's unbelievably optimistic valuation of its own assets. Through in-depth investigation and information collection, it confirmed that Lehman It has come to the end of death.

Looking at these materials, Andy glanced at Michael with satisfaction. Although there are phenomena of financial reporting and accounting manipulation in the market, experienced accountants will still be a touchstone for a good company and a weighty role.

"That is to say, the secret work that Lehman is currently doing. The newly formed company REI has injected more than 30 billion assets stripped from the head office's books, packaged and reorganized in various ways, only 60% of its value- 65%, or even lower, and there are almost 10 billion holes that they plan to use to deceive people?"

Andy shook the documents in his hand, looked at Michael Dior with a sneer and asked, now he understands why Paulson would rather see Lehman go bankrupt than make a move, Nima, this is going to die Lie people, if anyone takes over, he will suffer bad luck!

"Yes, boss. What's more important is that the more than 10 billion hole has nothing to do with junk subprime mortgages, and it has nothing to do with CDOs at all, but related assets of commercial real estate!"

As soon as Michael's words fell, everyone in the think tank who hadn't read the report in Andy's hands changed their expressions drastically, and took a breath, Nima, this is a'landmine', a landmine that can blow up any force to death.

Commercial real estate refers to non-resident housing real estate such as office buildings, apartment buildings, hotels, industrial land, and shopping malls/shopping centers.

It’s okay to say that all these assets belong to Lehman. The key is that Lehman bought a real estate trust company in January 2007 and raised 500 million U.S. dollars. , using 44 times leverage to forcibly acquire the company worth $22.2 billion.

I want to make a fortune with this company that has 350 residential areas and 86,000 housing units in the United States and Germany, especially high-priced housing in major cities.

Hit the top!

This is a big death! What is the price of real estate now? It's completely the price of cabbage, even if the housing prices in places like New York and Manhattan have not fallen, or even have a rising trend, but after all, there is only such a small area, the key is Lehman's total 60 billion loans, only these real estate cannot be sold , Lehman collapse is a certainty.

Andy looked at the feasibility plan on the last page of the information, and couldn't help but fell into deep thought. He kept touching his chin with his right hand, narrowed his eyes slightly, and after a while, a cold light flickered, making up his mind.

"I'm not interested in these real estates now. Although they are very cheap, they are still not to the point of killing them. First hedge Lehman's stock price, concentrate on shorting it, release news, spread the data on it, and let everyone Companies interested in Lehman assets are in a cold sweat!"

Andy's words shocked everyone in the conference room. My boss, this is going to detonate a landmine! If you say no, the whole Lehman will be blown to the sky. If Lehman can't hold on when it's shorting, and it just lies down and goes bankrupt, it will be a fire.

Al hurriedly said with a dignified expression: "Boss, these materials are too violent for Lehman, which is now on the verge of collapse, and it is easy to blow them up directly. In order to maximize profits, let's use rumors to operate. The short-selling time is limited to a week, and we are always ready to get out of the market, once Lehman collapses..."

Andy naturally knows what Al did not say. Once Lehman goes bankrupt, he will lose everything. However, the reason why Andy chooses to use violent means to play the shock game is to hope that before Lehman goes bankrupt, Finally squeeze the last bit of oil and water out of it, and then use the money to add to the gluttonous feast of dividing up Lehman's liquidation assets.

However, what Al said is correct, he may be really anxious, but small troubles can no longer satisfy his appetite now, and he knows that without his participation, Lehman may be out of business in mid-September. Ushered in bankruptcy, but he didn't want to drink some soup after others.

He wants to personally dominate the rhythm of this gluttonous feast and control the process of Lehman's disintegration. Only in this way can he get the biggest piece of cake.

Seeing that the big boss didn't speak, Al frowned slightly, and said again: "Use half-truths and half-false rumors, let Lehman leave one last chance to breathe, and give us enough time to quit, boss, we don't have to take risks." , and there is no reason to take risks!"

"call--"

Andy's heart trembled slightly, his complexion changed slightly, and finally he exhaled heavily, shook his head and looked at Al with a wry smile and said, "I'm really not reconciled, most of the 300 billion assets can only be watched helplessly. , the part that can be intercepted must be shared with others..."

Everyone at the conference table had weird faces, their mouths twitched and they lowered their heads slightly, otherwise their expressions were too obvious, and when the big boss saw them, everyone complained about the boss's greed in unison.

"Boss, on Wall Street at this time, half-true rumors plus short selling are like aircraft carriers plus nuclear warheads. Their power can easily wipe off the earth from a company that has existed for hundreds of years and has tens of thousands of employees. company of.

What we have to do now is to seek profit in a stable manner and control our inner greed, because now and in the next year, many youhuos will be placed in front of the boss.

Except for real high-quality assets that we can use to operate, the rest, if they cannot be realized quickly, no matter how cheap it is, we can’t take it from YOU, because there will definitely be a lot of such assets. It’s okay to buy once or twice, but There are really too many acquisitions, boss, your cash advantage will be gone! "

Hearing Al's words, Andy could only shake his head and smile wryly, nodded slightly and said, "Yeah, there are really too many good things, how can it be possible to take them down, I'm still thinking about Starbucks and AMC theaters...Okay, Then prepare it according to your wishes, although you want to eat it in one bite, but if you are choked to death, the loss outweighs the gain.”

Al heard that the young big boss was persuaded, and he was also relieved. His boss was good at everything, but he was too greedy. The pursuit of wealth was not motivated by the fact that he was already ranked the 20th billionaire in the world. weakened, but became more and more intense.

As for whether anyone is worried that the U.S. government will bail out Lehman, the answer is yes. Paulson will definitely not bail out Lehman. As I said earlier, Goldman Sachs is eager for Lehman to go bankrupt, and the important thing is Paulson. Once Sen officially takes over the two rooms, he will definitely not immediately rescue Lehman.

Not only would this expose Paulson to moral hazard, leaving innocent Nashians to suffer the consequences for greedy human beings and failed business models, but it would also potentially encourage the creation of derivatives that take huge risks to make huge gains, because if If the bet is lost, the government will come out to collect the stalls.

In order to avoid such a situation, Paulson will definitely find someone to make an example of, and pour cold water on Wall Street, so that those bigwigs will wake up and let them realize that the government will choose to let them fend for themselves.

Of course, this target may be Lehman, or it may be AIG insurance company, but who makes Lehman the most arrogant, 213, and the least popular? Who will be sacrificed?