American Fortune Life

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

Andy looked at Michael Dior, the chief analyst of his think tank, with a deep nod, and took a look at the information.

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

Then the need is to personally investigate the sales, management and other aspects of the business. Niubi 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 glorious performance report and self-rescue plan, Michael Dior saw through the performance report at a glance, Lehman ’s incredible optimism about the valuation of his own assets, through in-depth investigation and information summary, confirmed Lehman You have reached the end of your life.

Looking at these materials, Andy glanced at Michael with satisfaction. Although there are phenomena of financial reporting and accounting manipulation in the market, accountants with rich experience will still be a touchstone of a good business, and they will also play a significant role.

"That is to say, the secret work that Lehman is now working on. The new company rei injected more than 30 billion assets that were divested from the company's books and packaged and reorganized in various ways. Only 60% of its value- 65%, or even lower, there are almost 10 billion caves that they are going to use to pit people? "

Andy shook the information in his hand and looked at Michael Dior with a sneer and asked. Now he understands why Paulson would rather watch Lehman fail instead of shooting, Nima, this is about to die. Likeng people, whoever takes over will have blood mold!

"Yes boss, what is more critical is that these more than 10 billion holes have nothing to do with junk subprime loans, and nothing to do with cdo, but the relevant assets of commercial real estate!"

With Michael's words just now, everyone in the think tank who hadn't seen Andy's report changed his face and took a breath. Nima, this is a 'landmine', a mine that can blow any force to death.

Commercial real estate is non-residential real estate such as office buildings, apartment buildings, hotels, industrial land, shopping malls / malls.

If all these assets belong to Lehman, it is okay to say that the key lies in Lehman's death. At the beginning of the discovery of the subprime mortgage, with the idea of ​​dip fishing, it purchased a real estate trust company in January 2007 and raised $ 500 million. The company was forcibly acquired with a leverage of 44 times.

I want to take advantage of this company, which has 350 residential areas and 86,000 homes in the United States and Germany, especially high-priced housing in major cities.

Touch the top!

This is a big death! What is the real estate price now? It is completely the price of cabbage. Even if the house prices in places such as New York and Manhattan have not fallen or even increased, but after all, there is only such a small place, the key is Lehman's total loan of 60 billion. Only these real estate cannot be sold. , Lehman's failure was nailed down.

Andy looked at the feasibility plan on the last page of the document, and couldn't help falling into contemplation. His right hand continued to touch his chin, his eyes narrowed slightly, and then he flashed coldly and made up his mind.

"I'm not interested in these real estates now. Although they are cheap, they still don't reach the point where they are forced to die. Hedging Lehman's stock price first, focus on shorting it, release the news, spread the data above, and let all Companies interested in Lehman assets are sweating! "

Andy's words shocked everyone in the conference room, my boss, this is about to detonate mines! If you can't say no, you will blow up the whole Lehman. If you can't keep it, you will lie down and go bankrupt.

Al's face hurriedly said, "Boss, these materials are too violent for Lehman, which is now crumbling, and it is easy to directly kill them. For maximum benefit, use rumors to operate, and this time The short time is limited to one week, always ready to withdraw and leave the field, once Lehman goes down ... "

Andy naturally knew what Al didn't say. Once Lehman collapsed, he would lose his blood, but the reason why Andy chose to use violent means to play the shock game was to hope that before Lehman collapsed, Finally, squeeze the last bit of oil and water from it, and then use the money to add to the feast of sharing Lehman liquidation assets.

However, Al is right. He may be really anxious, but he can't satisfy his appetite now. He knows that without his participation, Lehman might be in mid-September. There was bankruptcy, but he didn't want to drink soup with others behind him.

He wanted to personally lead the rhythm of this feast and control Lehman's destruction process. Only in this way could he get the biggest piece of cake.

Seeing that the big boss didn't speak, Al frowned slightly, and said again: "With half-truths and rumors, let Lehman leave the last bite of chuan breath and give us plenty of time to quit. Boss, we don't have to take risks. And there is no reason to take risks! "

"call--"

Andy trembled, his face changed slightly, and finally exhaled a heavy breath, shook his head with a bitter smile and said to Al. "I'm really unwilling, most of the 300 billion assets can only watch them evaporate , The part that can be cut off, but also shared with others ... "

Everyone at the conference table had a weird face, and his head twitched slightly, otherwise his expression was too obvious, and everyone saw the boss's greed invariably seen by the big boss.

"Boss, at this time on Wall Street, half-truth rumors and short-selling are like aircraft carriers plus nuclear warheads. Their power can easily erase a family that has existed for hundreds of years and has tens of thousands of employees. s company.

What we need to do now is to be stable and profit-seeking, to control our inner greed, because now and in the next year, many youhuo will be put in front of the boss.

In addition to the real high-quality assets we can use to operate, the rest, if it cannot be realized quickly, even if it is cheap, we ca n’t ask you anymore, because this kind of assets will definitely be a lot, it is okay to say once or twice, but Really more acquisitions, boss, your cash advantage is gone! "

After hearing what Al said, Andy could only shake his head and smile bitterly, and nodded slightly and said, "Yeah, there are really too many good things, how can I want to take them down? I still remember Starbucks and AMC Theater ... Okay, Then prepare as you want, although you want to eat a bite, but if you are strangled, you will lose more. "

Al heard that the young big boss was persuaded, and he was relieved. His boss was okay, but he was too greedy. The pursuit of wealth was not because he had ranked the 20th billionaire in the world. The weakened, but the more intense.

As for whether anyone is worried that the U.S. government will rescue Lehman, the answer is yes, Paulson will definitely not go to rescue Lehman. As I said earlier, Goldman Sachs is anxious for Lehman to fail, but it is important that Paul Once Sen officially takes over the two bedrooms, he will definitely not rescue him immediately.

This not only exposes Paulson to moral hazard, makes innocent Nashui people bear the consequences for greedy humanity and failed business models, but also potentially encourages the creation of derivatives that take huge risks to earn huge profits, because if If the bet is lost, the government will come out and collect it.

In order to avoid this situation, Paulson will definitely find a target to kill chickens and tamarins, and pour a plate of cold water on Wall Street, so that the big brothers will wake up and let them realize that the government will choose to let them die.

Of course, this object may be Lehman or aig insurance company, but who makes Lehman the most arrogant, 2:13, the most unpopular, it just happened to hit the right time without sacrificing it Who sacrificed?