"Did it fall a lot?" Dong Qiangqiang was curious, turned around and walked out, only to bump into Qu Shan who was walking to the classroom door.
Qu Shan asked, "Why don't you go into the classroom?" He turned a deaf ear. Qu Shan muttered "Weird" and walked in on her own.
"Well, 1 yuan is more than 1 yuan. I think 30 yuan cannot be maintained. This transaction is likely to affect its second quarter report."
"Generally speaking, wouldn't the acquirer's stock price fall while the acquiree's stock price rise?" Dong Qiangqiang didn't read the news and didn't know the details. "Why was Vivendi's company taken over, but its stock price fell like the acquirer's? Do you know why? I have been paying attention to Vivendi recently, but I didn’t hear any news in the market before.”
"It was said in the news that the pay TV company owed a lot of money to News Corporation, so the acquisition was 750 million in cash plus 750 million in debt write-offs, which meant that all the money owed by the TV company to Lao Mo was wiped out, for a total of 1.5 billion , rather than an all-cash acquisition. As for what you said about the acquiree's stock price falling instead of rising, I understand that Vivendi only sold one hot potato in its broken basket this time, not all the potatoes in the basket. Capital Market They are not optimistic about this transaction, most likely because they believe that neither party will benefit from the transaction: Vivendi did not get more money, and the 750 million in cash was a drop in the bucket for its more than 30 billion in debt, but it used the money of selling non-performing assets. The method tells the world that it is now very short of liquidity and must survive. Maybe more creditors will come to collect debts. If this is the case, there may be more sales this year. And News Corporation She is not marrying a wealthy daughter, but the ugly daughter of a debt-ridden tenant. If she is just ugly but very kind, that's fine. I'm afraid that ugly people will cause more trouble. I checked the TV company and found that it has been losing money for n years. It is a bottomless pit. .”
"Then News Corporation still wants to buy it for Mao?" Dong Qiangqiang was aroused by Duanmu's analysis.
"Maybe they are thinking about the users they have. It has more than a dozen TV channels and tens of millions of users in Europe."
"With a population as small as Europe's, having users of this magnitude can no longer be considered an 'ugly daughter'. These TV stations in Germany seem not to be as good as it."
"Whether it has more or less users, a drop is good for us. Please update this news to our official website as soon as possible today, remember to include pictures and texts. Also, the more pessimistic the prediction about Vivendi's prospects, the better. I I’ll send some press releases for your reference later.”
"Okay. I'll do it right after school." Dong Qiangqiang teased, "Will anyone watch it?"
"It's up to you to write it or not, and it's up to others to see whether it's written or not. We can't control it. But if we don't write it, we will definitely suffer." Duanmu also smiled, "I dream every day that it drops to 1 euro, then our options are worth a lot of money." Nose money."
"It's absolutely vicious and heart-rending." Dong Qiangqiang saw the teacher rushing into the classroom with books and hurriedly walked back, "I have to go to class. I'll talk to you when I get back."
"Wait a minute," Duanmu shouted on the phone, "I'll send you an American short-selling website. His ideas coincide with ours. Maybe we can learn from it."
"good."
"Also, can you still contact the hacker who wrote the software for you?"
"I can't, but Hans should be able to. Why do you ask?"
"There are a lot of things that need to be changed in that stock picking software. In addition, the company's official website will add paying users in the future. These all need to be maintained. I don't want to just hand them over to him. We will just pay him and it will be over. What do you think?"
"He is not cheap." Dong Qiangqiang reminded, "You were there at the time, you know."
"I'm not afraid of the expense..." As soon as Duanmu raised his head, Dong Qiangqiang knew what he was going to say, and they both said in unison, "As long as the skills are good."
What Duanmu sent to Dong Qiangqiang was a website called "Stock Lemon", which was similar to Cicada. The owner of the website openly provided his short-selling reports on the website in the form of a blog for viewers to download for free. The page style is extremely simple and it doesn’t look like much thought was put into it.
Through the self-introduction of the website owner, Dong Qiangqiang learned that this man named Andrew Lightford was a few years older than Duanmu and Dong Qiangqiang. He was born in a Jewish family in the suburbs of Detroit. His first job was as a telephone salesperson for investment products. In his early 20s, he accidentally stumbled into the stock market, and that’s when he started to be exposed to short selling. In recent years, he often published short selling reports on listed companies whose stock prices he believed were overvalued or suspected of fraud in the name of “stock lemons.” He frequently appeared in In various media such as American Consumer News and Business Channel, he is famous for providing short selling advice to investors. He can be regarded as an aggressive short seller and is known as the "Wall Street Bounty Hunter".
What shocked Dong Qiangqiang was that the two stocks that Lightford shorted in August and December 2001 have been delisted, and one of the two stocks he shorted in January and March 2002 fell 52%, and the other two stocks fell by 52%. One's decline reached 68%.
What kind of result is this? It's simply terrifying! Dong Qiangqiang felt a bitter and astringent taste in his mouth. He couldn't tell whether it was more envy, shock, or both.
What made him even more speechless was that the person who completed all the short-selling reports was the only employee of the company, namely Lightford himself.
With one person and a pen, he can do what the U.S. securities institutions cannot do. One person single-handedly destroys fraudulent listed companies, which is simply the embodiment of justice.
With strong curiosity and awe, Dong Qiangqiang opened the short-selling report written by Leford, trying to understand and learn the other party's ideas and plan design from between the lines.
He spent the whole night reading it over and over again. He was so absorbed in reading that he didn't remember that he hadn't eaten dinner until Duanmu called again.
"The website you recommended to me is so cool." Dong Qiangqiang was shocked. "I have no idea where that guy got all the news, put it all together, and then presented it logically and coherently. .”
"Hehe, his results last year were particularly good, and of course this year is not bad either. So he has been very popular with Wall Street in the past two years, and he is considered a good senior. Have you read his report, tell me what you think."
"The writing is like a knife. It goes straight to the point with every strike, and is never sloppy. In one word: clean and neat." Dong Qiangqiang sighed, "I definitely can't write an absolute one-hit kill type."
"You don't need to imitate him, and your reporting style doesn't need to be consistent with his, because there are many people who criticize him for grandstanding and bluffing. We have just started to do it. The most important thing is to find out our own characteristics. It doesn't matter if you can't write a one-hit kill, you can write it. A dull knife can also be used to pull the meat. I asked someone about it and found out that he was in a similar situation to us at the beginning. He struggled for a long time and begged his grandfather and grandma everywhere, but no one answered him. It wasn’t until Enron’s accident happened last year that he finally managed to survive. In addition, , He mainly shorted stocks in the OTC market or the US Pink Sheets market before, rather than stocks in the New York Stock Exchange or Nasdaq. There is almost no independent information about listed companies in OTkSheets, so it is easier to manipulate stocks. The difficulty level is vastly different from ours.”
"Then should we also consider the two over-the-counter markets you mentioned?" Dong Qiangqiang asked.
"It's probably too late now, so you should just keep an eye on the US stock market. My intuition tells me that many listed companies will have trouble this year, otherwise the Americans wouldn't be rushing to introduce the bill. Let's work hard. The next few reports will be written in June. Victory will be ours sooner or later. Just remember, Andrew was about the same age as us when he entered the industry, maybe younger. If he can do it, we can definitely do it too. .”
The third match of the Chinese men's football team was held in Seoul at the time and now Seoul. The Chinese team lost to Turkey by three goals without any suspense and ended the World Cup journey at the bottom of the group.
Lao Bai and others returned to China after hearing the scolding all the way. Lao Bai didn't feel the loss because he felt that Chinese football had always been at this level. What he couldn't accept was that he didn't make any money when he returned to China.
Fortunately, the travel agency was reasonable and sent him a shopping group to Japan. They didn't miss out on watching sports, traveling, or shopping. The three of them even took the group to Tokyo Disney, and everyone had a great time.
It was not until the end of the World Cup in late June that everyone discovered that the top three were Brazil, Germany and Turkey. It was not a shame for the Chinese team to lose to the champion and third-place finishers.
The German team returned to the country angrily after missing out on the championship. The domestic football community in Germany was scolded, but it was not the German players but the Korean referees who were scolded.
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