Rebirth of the Strongest Tycoon

Seeing Reagan emerge, Xia Yu was in a happy mood.

Although Reagan has no public office today and is only the head of a charitable organization, his handsome appearance, popularity of past stars, and his achievements as governor of California have all added many bright spots to his campaign.

If he can run as governor of California, he will definitely have an advantage.

But unfortunately, California is now the Democratic Party's territory. The current governor, Jerry Brown, is a Democrat. Now he is stirring up trouble in California, hoping to break through the siege and win the Democratic nomination.

Although Xia Yu is now rooted in San Francisco, California, he also expresses his inability to do anything.

California is the site of the California consortium, and the California consortium now ranks among the top ten consortia in the United States, and it just happens to support the Democratic Party, so in fact, California is the traditional vote base of the Democratic Party.

Even Reagan's ten years as governor of California from 1964 to 1974 didn't win that vote for the Republicans, let alone now that Jerry Brown is back in business for the Democrats for six years?

In this case, if Xia Yu ran out to cheer for Reagan, he would only find bad luck.

Fortunately, Reagan himself performed well and was quite competitive, and he won the attention of many Republican bigwigs.

Reagan's campaign was on a better trajectory than in the original history, and Xia Yu was relieved. He put the matter aside for the time being and continued to worry about his career.

Five days later, the New York branch of Polaris Capital finally officially set sail, and Peter Lynch also flew to New York from San Francisco.

"Peter, how was the company during the time I left?"

At the office of Polaris Capital Company, Peter Lynch arrived in a hurry. After he had a rest, Xia Yu asked.

Peter Lynchhui reported: "Boss, the company is doing well, and now the number of employees has reached 152... The acquisition plan for Abbott has been made, and now I have brought it over to prepare for implementation, except In addition, there is some progress in the retail industry.”

"Boss, this is the target that was initially screened after collecting business intelligence. The New York branch will be responsible for further analysis, as well as the acquisition plan for Abbott. Look, what are the instructions?"

Having said that, Peter Lynch took the materials prepared by the company out of the briefcase and handed them to Xia Yu.

Xia Yu glanced at it, put aside Abbott's acquisition plan, and looked at another material first.

When he was in San Francisco before, Xia Yu had an in-depth conversation with Peter Lynch, and stated the investment direction of the first stage of Polaris Capital, which is the biomedicine, high-tech and retail industries.

Of course, Xia Yu's often sudden thoughts are another matter, and it can be done according to Xia Yu's instructions.

In the field of biopharmaceuticals, Genentech has been invested in, and Amgen has been established, and the acquisition plan for Abbott, the target company, has also been made. Now it is time to do it, so it is now formal.

In the high-tech field, Bridgewater Fund and Tiger Fund are already helping, and Xia Yu has already told Peter Lynch that he should not worry about it for the time being.

As for the retail field, Home Depot can only be said to be a surprise. When Xia Yu left San Francisco, Polaris Capital had not yet settled in the retail field.

Constantly flipping through the materials, more and more information entered Xia Yu's mind.

At this time, there are many national giants in the U.S. retail market, such as Dayton Hudson (predecessor of Target, renamed Target in 2001), Kmart, Woolworth, Penney, etc. It is a first-class retail giant with a large market share.

However, behind these established or new retail giants, there are major consortia, and they have all entered this increasingly prosperous industry.

On the contrary, Walmart, the world's number one retail giant in the previous life, has not yet erupted.

However, in this material, Wal-Mart is also included.

as an important object of analysis at the first level.

When he saw Wal-Mart, Xia Yu was very interested and looked at its information carefully.

Walmart was established in Bentonville, Arkansas in 1962 and listed on the New York Stock Exchange in 1972. As of now, there are only 241 stores, far less than the tens of thousands of stores in later generations.

At this time, Walmart could only be regarded as a regional retail giant, but it was distributed in Arkansas and several nearby states in the southern United States.

Since its listing in 1972, Wal-Mart's compound growth rate has reached 25%. In 1979, its turnover reached 900 million US dollars, and its net profit was only 34 million US dollars.

Although Wal-Mart's compound growth rate is very high, capital does not believe it, because Wal-Mart at this time is too small and not representative.

In the early stage of growth, there are not many companies that maintain rapid growth, but a large scale requires extremely high management art and strategic vision. Many companies will encounter bottlenecks or be knocked down.

In addition, in the past eight years, Wal-Mart's compound growth rate has been declining step by step, which also verifies the speculation in the capital field.

In 1972, when it was just listed, Wal-Mart still had a compound growth rate of 42%, but what happened later? It went down step by step, even if it went up a little in one year, it fell again the next year.

Because of this situation, in the past eight years, Wal-Mart's market value has only doubled, and it has fluctuated greatly, with a large risk discount. The current market value is only 330 million US dollars.

It is unimaginable that Wal-Mart, which has a market value of four or five trillion dollars in future generations, has a market value of only more than three hundred million dollars at this time, which is a fraction of the market value of future generations.

However, Xia Yu, who is familiar with the situation of later generations, is not surprised. The 1970s was just a dormant period for Wal-Mart. In the 1980s, it was a golden period for Wal-Mart, with an average annual compound growth rate of more than 35%. At that time, the United States The retail industry's compound annual growth rate is only 2 percent.

In the 10 years of the 1980s, Wal-Mart completed the layout of the United States step by step, and its stock price rose 60 times!

Just like now, it has only doubled in eight years, which is a shame.

But this is just right. The moment before the rise of Wal-Mart is the best time to do it.

Peter Lynch and others do not have the forward-looking advantage of Xia Yu, but in this case, they can list Walmart as a key analysis target at the first level, which shows that they have a good vision.

Seeing Wal-Mart, the value of this material is enough.

Xia Yu was in a happy mood and continued to look down.

On the last page, another target listed separately came into view.

Seeing that Xia Yu turned to this page, Peter Lynch immediately explained: "Boss, this company is just a few years old and has not been listed. It was not included at the beginning, but the following people It was submitted, and after I read it, I thought it had investment value, so I listed it separately."

Xia Yu raised his head and glanced at him, smiled and said, "I happen to know this company, although it is only a small unlisted company, it has a good model and a bright future. I will remind you if you don't write it in. good!"

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