I’m in Hollywood Chapter 1170: Inexplicable resentment
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After Ian Gnell left, Eric did not invite others to Tasmania, but enjoyed the last holiday with women and children.
Virginia They also expressed doubts about Eric ’s purchase of land on Tasmania, but Eric would not express to them some unfounded views.
Moreover, from the bottom of my heart, Eric itself also hopes to own a piece of land that is entirely his own, and that kind of horse riding a whip can't run to the end. It is best to be able to stay away from the hustle and bustle, not to be easily disturbed by outsiders, and not yet a wolf.
So, Tasmania, which is located in the south of the world, is more suitable.
Time has come unconsciously in late August.
The summer vacation in the northern hemisphere is coming to an end, and after spending more than a week in Tasmania, Eric took the family back to United States.
On the New York side, the Nasdaq index began to rebound after opening on Monday, August 16 under the good news of new technology companies such as Yahoo and Microsoft.
In order to create an escape opportunity for the technology stocks that were put in the hands of the early stage, many financial institutions have also begun to make a variety of confusing market speeches, tricking public investors into renewed confidence in the new technology market.
From August 16 to August 20, the Nasdaq rose from the low of 2863 points last week to 3319 points, with an overall increase of 15.9%. The share prices of new technology companies such as Microsoft, Yahoo, Cisco, Amazon and other new technology companies also rebounded sharply after the deep decline in the previous period.
However, things have developed to the present, as long as some slightly sensible investors understand that the current situation of the Nasdaq index is completely a reflection.
Even if Microsoft escaped the division of the Federal Ministry of Justice, companies such as Yahoo, Cisco, Amazon, etc. have the support of the Firefly system, but most of the new technology companies on the Nasdaq stock market have no luck and strength.
In the past two months, even after some elaborate whitewashing, most new technology companies ’quarterly financial reports are far from comparable to those of companies such as Microsoft and Yahoo.
After a thrilling crash, major financing and venture capital institutions will never again generously inject funds into the new technology industry as they did a few months ago.
As you can imagine, in the coming months, once these new technology companies run out of funds, the tide of bankruptcy predicted by Barron Weekly will come. At that time, the Nasdaq will fall to the end, and there will be no possibility of a rebound in a few years.
Long Island airport.
The time is already on August 26, and the east coast here happens to be evening.
After Boeing 747 stopped on the runway, looking at the approaching gangway car through the porthole, Joanna's face showed obvious disturbed.
Because of the incident in May, the woman is still a little worried about the reaction of the outside world.
In the arms of Eric, he wore a sleeping Emma wrapped around his body like a koala, patted Joanna's shoulder, and patted lightly. You and Vicky will take the children to another place. "
Virginia also came over with a little guy in his hand. He heard Eric's words and followed a few words of comfort.
The cabin door opened, and the golden sunset light rushed in, eagerly carrying the heat from the summer evening.
Girls and other people have returned early. Only Eric and two women and three little guys rushed back this time.
Everyone got off the plane together, and after a while, they returned to Linhai Manor in Eath Hampton.
Nothing happened along the way, no reporters, no onlookers, Eath Hampton in the summer was as serene and peaceful as usual, and the two women were relieved.
After leaving for more than two weeks, a lot of things need to be handled by Eric. Tonight, he needs to rush to Manhattan to participate in a reception hosted by State Street Universal fund Chairman David · West. Firefly Group has announced this year's non-dividend plan. Although it has Katzenberg red face, Eric cannot be completely absent.
Helping women and children settle down, Eric hurriedly drove to the Long Island airport, where they would fly to Manhattan by helicopter instead.
When we arrived at Manhattan, the business reception at the Lexington Avenue Gramercy Hotel had begun.
In the banquet hall, State Street ’s Universal fund ’s Chairman David · West was listening to a 30 young man's tone quickly, his assistant came over and whispered a few words, David · West immediately interrupted the youth The words: "Philip, I need to meet a guest. Let's talk about your family."
What more do the youth want to say, David · West has waved their hands and walked out the door.
As soon as I walked out of the hall, David · West changed his smile, and there was no impatience in his tone. He said hello to the oncoming Eric: "Hey, Eric, I haven't seen you in a long time, how is it?" /
Eric and David · West from the open hand gave a little hug and said, "Not bad, how about you?"
David · West and Eric loosened and said, "It's awful."
Despite that, the smile on David · West's face has not changed.
The two went into the banquet hall laughing and talking side by side. The young man who had just talked to David · West greeted him again: "Mr. West, me, you ..."
What the youth had to say, when I saw Eric walking with David · West, there was a sudden forgotten words.
Despite the displeasure, David · West stopped and politely helped to introduce: "Eric, this is the son of Philip · Scott, Pennsylvania Scott gas company Boss Milos · Scott. People. "
Hearing the name of Scott Natural Gas Company, the smile on Eric's face could not help but become playful.
In the eavesdropping incident a few months ago, Eric caught the handle of the Tiger Fund afterwards, which was an overseas fund controlled by Scott Natural Gas Company.
However, after Zuo Ross passed on some information to warn Julian Robertson, the whole thing would be gone. Tiger Fund has entered the liquidation process because of the huge loss in the bursting of the new technology bubble, and Eric is even more lazy to pursue anything.
Slightly glanced at the youth in front, said Eric: "Scott Natural Gas Company, I know this."
After finishing this sentence, seeing that the other party has not responded yet, Eric went straight into the hall.
David · West was a bit surprised by the words of Eric, walking side by side with Eric and explaining hello to other guests: "Scott gas company's situation is not very good now, Eric, are you connected to this company?"
"No," Eric took a glass of red wine from the waiter tray and asked casually, "What's wrong with them?"
"You know that the Tiger Fund is liquidating. The Scott family is an important customer of the Tiger Fund. The liquidation of the Tiger Fund caused them to lose a lot of money. However, more than that, in the process of the Nasdaq skyrocketing in the past few months In order to follow the trend to buy technology stocks, the Scott family used the family's shares in Scott Natural Gas Company to make a mortgage loan to State Street Bank, and now they have all lost money. I had some friendships with Milos Scott in several businesses. This young man came over and hoped I could help delay their loan repayment time, "David · West said, unable to help shaking his head, saying:" This kind of thing, now everyone is in a mess, how can it be helped. "
The relationship between State Street and State Street Universal is similar to that of JPMorgan Chase and Morgan Stanley. However, State Street Universal just left State Street Bank as a separate investment company a few years ago, but its relationship with State Street Bank is also The two Morgan companies that have long been split are much closer.
Eric turned his head and glanced in the direction just now, and found that the young man named Philip Scott happened to be looking over too, his expression looked a little cloudy, and when he saw Eric looking at himself, Philip Scott flew out in a hurry as usual Sight.
Retracting your gaze casually, Eric listened to the complaint in the final tone of David · West, and did not turn around, saying: "David, regarding dividends, this year is definitely impossible. Firefly is planning the next expansion, It needs money. However, it is not completely incompetent. If State Street Universal is willing to sell the stock in Firefly Group, we can immediately settle this year ’s dividend. "
"Eric, you are really giving me a problem."
Although it is a non-listed company, Firefly Group has been excellent in both the expansion of the company itself and the annual profit status in recent years. Eric has always had the idea of repurchasing stocks, and the small shareholders who hold Firefly Group stock have not had any intention of letting go these years.
"Think about it, David, you can also pass on what I mean to others, Firefly Group can repurchase shares at a price-to-earnings ratio of 25 times, and settle this year's dividend."
According to the operating profit scale of Firefly Group this year, the price-earnings ratio is 25 times, and the market value is roughly equivalent to 100billion USD. After the bursting of the Internet bubble, the AOL-Time Warner Group, which was just merged a few months ago, currently has only 1more than 60 billion USD market value. Therefore, although the price of Eric is slightly lower than the valuation of Firefly Group by media such as Forbes, it is also in good faith Full.
State Street Universal also suffered heavy losses in the past Nasdaq crash. As an investment fund for wealth management, State Street Universal will not face the embarrassment of the Scott family, but if you want to make this year ’s financial report Not so ugly, to continue to maintain investor confidence, the huge dividend of Firefly Group or Clover Fund is very important.
So far, in addition to Eric, the total number of shares held by other shareholders of Firefly Group is 26.3%.
Among them, the Berkshire Hathaway and Tom Murphy families have the highest shareholdings, each at 5%.
As a listed company, ABC Group once had a large number of small shareholders, and the original shareholding ratio of State Street Universal could not be compared with Berkshire Hathaway and Tom · Moffai.
However, because United States The Federal Exchange Commission has a requirement that more than 99 non-listed company partners must disclose information publicly. During the merger process, in order to circumvent this heavy restriction, many small shareholders who want to continue to retain their stocks will pool their holdings. Universal Waiting for several foundations to hold shares, such a foundation Firefly Group It is only equivalent to one partner.
Therefore, in addition to Berkshire Hathaway and Tom Murphy, currently seven other foundations such as State Street Universal hold a total of 14% of Firefly Group shares, of which State Street Universal holds 3.3% of shares, second only to Berkshire Hathaway and Tom Murphy .
According to Firefly Group's overall net profit scale of 40billion USD this year, if the dividend is implemented, State Street Universal can get more profits than 1.3 billion USD. This money is equivalent to the total annual profit of State Street Universal in previous years. The rich Universal's financial position of loss this year can be immediately reversed.
As a savvy investor, David · West definitely does not lack a long-term perspective. The strength of Firefly Group in Hollywood is obvious to all. The long-term holding of this company ’s stock is definitely worth the money.
However, as a professional Manager person, I want to maintain my position for a long time or even go further. David · West also understands that he must often sacrifice long-term benefits. After all, ordinary investors often only see the immediate benefits. It is difficult to be long-term.
The tradeoffs in my heart, David · West said again: "Eric, do you think this is ok? Firefly Group performs dividends, even if it is only part of the dividend. In the next acquisition process, the State Department can provide Firefly Group with Firefly dividends Quite low-interest debt financing. "
"Although I can perfume you, David, but frankly, it still doesn't work," Eric shook his head and said: "David, as one of the company's directors, you should know the next development plan of Firefly Group. We can complete the next expansion without the need to exchange shares. At that time, not only will everyone's shares not be diluted, but they will also increase in value immediately, is this not good? "
"Of course I understand, Eric, but you also know our current situation."
"The Nasdaq index crashed and many people lost money," Eric shared their hands and said: "So, the loss of State Street Universal is a matter of course. This is the overall economic situation is not good, no one can What to blame you. "
I realized that Eric still has no room to turn around, David · West lamented in my heart, but did not entangle too much, and quickly relaxed his tone, said: "So, Eric, introduce you to some guests, tonight A lot of people come specifically to meet you. "
"This is my honor," Eric nodded with a smile, and walked around the banquet hall with David · West.
Speaking of it, whether it is State Street Bank or State Street Universal Fund, Headquarters is located in Boston, they are also the core of Boston consortium, one of the ten major consortia of United States. The United States top ten consortiums each control large and small companies through mainstream banks distributed across United States, which in turn controls the United States economy.
Although unwilling to admit it, the Firefly system lacking the support of financial institutions still has a long way to go.
It was not until ten o'clock for entertainment that Eric finally said goodbye to David · West.
Cindy completed the recording of "America's Next Top Model", and now that he has begun to remember, at this time he has moved to Martha's Vineyard Island in the northeast of Long Island, where he plans to live until the child is born.
Eric sat in the car in the parking lot and called Gisele. They confirmed that several nizis were in Manhattan and were about to let the driver drive. Another silver car came from a nearby parking space.
The driver had to stop temporarily and wait for the car to walk over.
Eric put away the phone and glanced out at random. It happened to notice that the young man named Philip Scott in the silver car looked through the falling window. However, at a glance, Eric noticed that Philip Scott looked at himself with resentment in his eyes.
Recalling that during the reception, Philip Scott came over to try to communicate with David · West, but he was only dismissed by David · West in three words. Obviously, the other party's goal tonight must have not been achieved.
However, depending on the situation, the other party will not rely on themselves tonight's defeat? Or, the other party thinks that he deliberately tripped the Scott family because of the original thing?
Thinking so casually, Eric has no special feelings.
Living in this world, there are no people who can truly achieve all sides. When you have a lot of friends, you will inevitably offend some people, even if they are sometimes inexplicable.