"Wal-Mart? Mr. Chen is talking about the Wal-Mart Supermarket in Arkansas?" Joey asked.
"Yes, exactly." Chen Zhiwen nodded and said, "I want to acquire its shares, the more the better."
"Wal-Mart, a supermarket, has expanded very rapidly in recent years. I have also paid attention to this company. It can be said to be a good investment target. However, this company has two problems. The net profit control is very low, far below Other similar companies, and this company is a family business. Although it has been listed, their family still controls most of the shares and there are not many circulating shares, so it is difficult to acquire a lot of shares." Joey said professionally.
"It doesn't matter. This is an investment. I am more optimistic about this company." Chen Zhiwen said nonchalantly.
The investment in Saul Pierce is a strategic investment in the retail field, using the capabilities of others to run your own company. Wal-Mart is already late to enter the game. Sam Walton has already run Wal-Mart very successfully. In 1972 After going public in 2016, the funding problem was solved, and everything has been smooth sailing since then. Every store has been occupied wherever it is opened. Although each store is not very profitable, it is still profitable and can also seize the local market.
At this time, it is difficult for outsiders to make any ideas, so this investment is purely financial investment. Although the more than 100 million US dollars in my overseas account is to buy Wharf and other potential British-owned companies in Hong Kong, but This requires several years of planning. For such a long time, such a large sum of money cannot really be left in the bank to earn interest. Diversifying investments in some companies with potential is the best solution.
It’s just that in the 1970s, he knew of very few dark horse companies. Even the stock of Berkshire, owned by future stock god Warren Buffett, has been falling in recent years, and some potential companies require investment for more than ten years and do not require a lot of capital. , after much deliberation, Wal-Mart is more suitable.
Today’s Wal-Mart has a market capitalization of over US$500 million. From the 1970s to the 1990s, Wal-Mart has been singing all the way in the retail field. Naturally, its stock price has also skyrocketed. It has increased 50 times in 26 years. Invest the funds that are temporarily unused and let the funds flow along Wal-Mart. By the time you need it in the future, the stock price may have risen two or three times. Don't sell it when you need funds. Instead, go directly to the bank to mortgage it, and you can easily get higher funds than you originally invested.
"In this case, there is no problem. What is Mr. Chen's base price for Wal-Mart?" Joey asked.
Chen Zhiwen said: "I will collect everything below $17. If it exceeds, you can notify me and just make these calls then."
After saying that, the assistant An Qi handed over the business card. This is a business card proposed for overseas customers. There are several phone numbers on it, including the phone numbers of the bedroom, office and assistant. Under normal circumstances, the phone will make an appointment in advance. , but special circumstances must also be taken into consideration. In an era when communications are underdeveloped, this is the only way.
"Okay, no problem." Joey nodded and said, "Mr. Chen, I ordered lunch at the Waldorf Astoria Hotel. After our lunch is over, colleagues in the legal department will prepare a power of attorney for investment intentions. As long as the power of attorney is signed, I can arrange to buy Wal-Mart stock on the stock market tomorrow.”
"Okay, let's go." Chen Zhiwen nodded and said.
After a sumptuous steak, Citibank's legal department had prepared the power of attorney. Ron also took his paralegal to review the contents of the power of attorney. Although this was a standard document, it still had to go through a lawyer. examine.
Chen Zhiwen also read it himself, and after confirming that there was no problem, he signed his name and authorized Citibank to use the US$50 million in his account to acquire Wal-Mart stocks on the stock market. For every US$1 million used, he would need to report to Chen Zhiwen Report once and obtain subsequent authorization before proceeding to the next round.
1 The next day, Chen Zhiwen came to Citibank again and watched Citibank traders buying Wal-Mart stocks in the stock market. In one day, by selling high and buying low, they bought shares worth US$300,000, accounting for about 0.06% of Wal-Mart's market value. The reason why it is so low is because the normal transaction volume of Wal-Mart stock in a year is only three to four million US dollars. If you want to acquire it slowly, you must control the amount. Otherwise, you can easily enter the market with only a few million US dollars a day. By driving up the stock price, not only will one lose money on the acquisition, but it will also easily attract the attention of other investment companies and Wal-Mart.
At the end of the day, under Chen Zhiwen's instruction, Ron left a colleague at Citibank to supervise the daily operations of Citibank. The operations of Citibank would also be carried out under his perspective, which was a double guarantee.
After staying in New York for a few more days, Chen Zhiwen took a group of people to Nebraska in the central United States and visited Berkshire Hathaway, a giant textile company here.
Many people in later generations are familiar with Berkshire Hathaway. In the 1970s, it was still an American textile giant. However, in recent years, it has been beaten down by the textile industry from Asia. If it were not for a With the savior coming in, this company probably won't survive into the 1980s.
Naturally, Chen Zhiwen came here not for textile-related matters, but to visit the boss behind this textile giant and future stock god Warren Buffett.
In the 1970s, Buffett was still just an entrepreneur with excellent investment ability, but was not as valuable as he would be in later generations. With the introduction of Citibank, Chen Zhiwen also met this most famous investor in later generations.
"Mr. Chen, do you want to invest in Berkshire Hathaway?" After a conversation, Chen Zhiwen expressed his intention. Buffett paused and asked, "Why? The U.S. textile industry is already a sunset industry."
"I know, as far as I know, I am investing in Mr. Buffett. As far as I know, Berkshire's profits from investment and insurance business last year were more than 6 million US dollars, but the profits from the textile industry were less than 500,000 US dollars. I I think Mr. Buffett will never run the textile industry again in the future, right?" Chen Zhiwen said with a smile.
Buffett's investment performance is basically known to future generations. If the Internet and the electronic age had not been stolen, he would definitely have become a global business icon. However, in this era of severe inflation and a comprehensive stock market decline, only a few people such as Buffett , you can still find gold in the devastated stock market.
"The textile industry is Berkshire's main business. It is related to the employment of tens of thousands of people and will not be abandoned." Buffett smiled and said: "As for investment, I will not accept external funds for the time being."
PS: I suddenly feel that the pace is a bit fast, but these are investment issues, pure investment and future benefits, not the main strategic development direction, so I will write less words to avoid being criticized!
