Reborn Capital Empire

Chapter two hundred and sixty-six good news and bad news

…

"what?"

Everyone in the conference room was stunned by this news! But the bad news brought by the secretary is obviously more than this.

"In addition, the Federal Energy Regulatory Commission just announced that the electricity production price in 13 western states such as California, Arizona, Oregon, and Washington is forced to be limited to 2o~9o per megawatt-hour. No company shall privately raise the price for any reason!"

"boom!"

Two consecutive bad news exploded in Jeffrey Gilling's mind like thunder.

"It's over!"

With a pale face, he was unprecedentedly desperate at this time!

…

"Whoa...!"

The newspaper that had been turned over was placed on the table next to it by the owner.

"In just half a month, the U.S. energy market has changed dramatically, and now everything is different!"

After taking a sip of the coffee in his cup, Stephen Bryan nodded, "Yeah. The one who is most proud of it now is probably Bruce Guo. The Pan Pacific Energy Group, which swallowed the Southern Company, is now the largest electricity and energy company in the United States. The natural gas utility company has a market share of 38.7%, without the constraints of the energy crisis, the Pan Pacific Group, which was already heavily indebted, will have a foundation for revitalization!"

Blank Fein nodded. Although Pan Pacific Group has high debts, its blood-forming ability will be restored in an instant after the energy crisis subsides. With a steady stream of inflows, its liabilities can be reduced little by little. And in three or four years, maybe a little longer, to restore balance.

"I didn't expect that we worked so hard for so long and finally lost to Bruce Guo!" Stephen Brigham sighed.

"Yeah, no one would have thought that he could earn such a rich cash flow from gold futures! Moreover, this kind of probability 'Five Sigma event' cannot be speculated with past experience. So even if it fails, it is not necessary to Frustrating. After all, even though we didn't make any profit, we made a lot of money from this series of deals!"

Stephen Bryan nodded, "Blank, I think it is necessary to cooperate with Guo Shouyun on gold!"

"Isn't Bruce Guo going to hold a reception for Thunder Fund clients? After getting the detailed data, let's officially cooperate!" Blank Fein said.

"If this is the case, I'm afraid we will miss the opportunity. After all, Merrill Lynch, Morgan, Citi, Bear Stearns, etc. are not fools, they are as sensitive as we are about making money!"

Blank Finn smiled and shook his head.

"Stephen, you've also met Bruce Guo many times. Do you think he's the kind of person who would give up his interests for a less valuable favor?"

"Although it sounds sad, it's true!" Stephen Bryan sighed after spreading his hands.

In Wall Street, there are no friends, only interests!

"By the way, what about Enron? Jeffrey Gilling and Andrew Fastow have called me a lot!"

"They called me too, but now Enron's situation is extremely bad. Funding them is too risky!"

Stephen Bryan nodded in agreement and sighed, "It's a pity that Enron's stock price has dropped below $30, otherwise, you can take advantage of this time to short and make a fortune!"

"Speaking of this, Bruce has earned it again!"

Stephen Bryan nodded after being stunned for a moment.

"This guy is a genius of financial speculation!"

"With such a large population in the United States, there will always be a few very good guys!" Although he said that, Blank Fein's tone was also full of envy, even though he is now the chairman and CEO of Goldman Sachs, in the United States and even The status of the world financial circle is respected.

"It seems that it is necessary for us to continue to draw closer to this genius. After all, Goldman Sachs can be more successful with successful people!" Stephen Bryan said.

"It's just a pity that the 'Hound Project' failed like this!" Blank Finn sighed after nodding.

"We're pretty good. The Citi guys are really bad, they lost a lot of money on Enron!"

"What? Didn't the funds from shorting Apple make up for their losses?" Blank Fein, who just returned from China, is not clear about the little things that have nothing to do with the big picture.

"Humph! How is that possible. We were coerced to short Apple, used our personal connections to attack LinkedIn, and partnered to spread the negative news about Bruce Guo. In the end, not only did Enron's share price not rise, but Guo Shouyun directly bought Apple and put the Amazon's shareholding increased to 33.5%, and it also suppressed Enron's share price even lower!"

Thinking of this, Stephen Bryan was angry. If it wasn't for Citi's rashness, they wouldn't have hurriedly shot without knowing Guo Shouyun's true strength, so that the other party used the abundant funds earned from gold to not only dissolve their series of attacks and make them invisible, but also successfully The realization of their own commercial layout!

"Okay, Stephen. Now that things have happened, there is no need to be upset! Fortunately, Goldman Sachs' strength and position in the financial world give us a chance to make up for it!"

After Stephen Bryan took a breath, he nodded.

"One more thing. I got news that people from Citi have recently gathered the Bahrain family, Andrew Fastow, and the Dutch Ing Group to form a new interest group against Bruce Guo?" Blank Fein asked road.

"I know that. However, I don't believe these guys together can really beat Bruce Guo!"

Blank Fein nodded, "Although I don't have any hope for this, but even if Goldman Sachs doesn't participate, it should keep abreast of the news inside the alliance. Otherwise, if there is an opportunity to make money, wouldn't we miss it!"

"Don't worry, I have made targeted arrangements. Although there is no guarantee that we will get the first-hand information, it is definitely the first organization outside this alliance to get the news!" Stephen Bryan said to himself.

"Stephen, you are always so reassuring!"

"thanks!"

"Let's go, it's noon, let's eat together!"

…

At the same time, Guo Shouyun was also listening to Jonathan Weir's excited report.

"Boss, everything is different. Electricity prices in California and the western states have dropped to $32.7 per megawatt hour, and Pan Pacific Energy has returned to profitability!"

"That's good! If the current situation continues until the end of the year, how much pre-tax profit will the company make?"

"Around $1.5 billion!"

"So low?" Guo Shouyun frowned.

You know, before the California energy crisis, the pre-tax profits of Pacific Power and Natural Gas alone were able to get this figure, not to mention the Pan Pacific Energy Group, which is now nearly ten times larger.

"Because the company has $2.73 billion in short-term debt due in the second half of the year. In addition, it has to pay interest on bank loans of up to $4.1 billion. In addition, after the acquisition of Southern Company, Southern Telecom's losses have also been transferred to us. Add in operating expenses, new plants and equipment depreciation, and $1.5 billion is our best estimate!"

Guo Shouyun nodded. He was aware of the financial difficulties within the group, but the actual difficulties were beyond his original expectations.

"...However, the boss can rest assured. After this year's debt repayment peak has passed. Next year, the group's short-term debt expenditure will drop to 13.8 US dollars, including bank interest, but only 400 million US dollars. In addition, through layoffs and institutional reforms, operations can be effectively reduced. Cost. The company's finances will be significantly improved! And, it will get better and better in the future!"

Guo Shouyun nodded affirmatively, "How about the handling of assets outside the company's business scope?"

"Real estate, entertainment facilities, bonds and some shares have all been sold. But some mining, water, waste, technology and internet companies' stocks and bonds, as well as telecommunications companies including Southern Telecom, remain unsold."

"Why are there still minerals?"

"In the 1990s, the U.S. stock market was booming~www.wuxiaspot.com~ Coal mines, copper mines, iron ore and other resource assets had relatively high prices and stable returns. Many companies invested in this area. Especially such resources richer state,” explains Jonathan Weil.

Guo Shouyun understood in his heart.

As the bull market turned bearish after the Nasdaq crisis and the price of resource assets fell by nearly half, major mining companies are struggling to survive. It is normal that no one wants the minerals in his own hands, and even if someone wants it, Guo Shouyun will not sell it. If you keep it in your hands and wait until the economy improves, you can also hedge against losses. But if you sell it now, it's a real loss.

Similar to mining, there are telecommunications companies. After the collapse of the Nasdaq, the US telecommunications market collapsed like the Internet, and the prices of telecommunications companies plummeted. Telecom giants including Verizon and aT&T are having a hard time, let alone.

"Establish the Pan Pacific Group Investment Company, and put all the assets that have not been sold under this company. You will temporarily supervise the company. As for the suitable CEO, wait until the next meeting of the board of directors to discuss and decide."

"clear!"

"Also, if the assets of the investment company are lower than the previous purchase price, don't sell them for the time being, maintain operations, or even invest appropriately, and then sell them when the market improves."

"There are no other problems. But Southern Telecom is currently ranked 8th in the US telecom industry, with total assets of nearly 1.2 billion US dollars, and maintaining its operations is probably not a small number."

Guo Shouyun frowned. Although he is interested in the telecommunications industry, he also knows that his energy is not unlimited. Therefore, the best choice at present is to stick to the five industries that have already been involved in the Internet, technology, energy, media and finance, and it is not appropriate to continue to expand.

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