Chapter 1195

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

Andy looks at Michael Dior, the chief analyst of his think tank, nods a little and takes over the data.

The first essential course for a real analyst is to become an accountant, understand the company's financial statements (if you want to speculate, you'd better understand them, which contains many secrets), understand the interest game behind various accounting treatments, and restore the company's real financial situation.

Then it is necessary to investigate the sales, management and other aspects of the enterprise operation in person. Bull analysts should also have their own exclusive sources of information. The higher the level of information source, the more valuable the information obtained.

When Lehman launched its brilliant performance report and self rescue plan, Michael Dior saw through the problem behind the performance report that Lehman was incredibly optimistic about the valuation of its assets. Through in-depth investigation and information collection, it confirmed that Lehman had reached the end of its life.

Looking at these materials, Andy takes a satisfied look at Michael. Although there is a picture of financial reporting and accounting manipulation in the market, experienced accountants will still be a touchstone and a significant role for a good enterprise.

"That is to say, the secret work that Lehman is doing now, the more than 30 billion assets that REI, the new company founded, injected and stripped from the book of the head office, packaged and restructured in various ways, only 60% - 65% of its value, or even less, and almost 10 billion holes that they are prepared to use to mine people?"

Andy shakes the information in his hand, looks at Michael Dior with a sneer, and asks. Now he knows why Paulson would rather watch the collapse of Lehman than do it. NIMA, this is to kill people. Whoever takes over, he will lose blood!

"Yes, boss, what's more, this 10 billion plus hole has nothing to do with garbage subprime loan, and nothing to do with CDO. It's related assets of commercial real estate!"

With Michael's words just coming to an end, all the think tanks who have not seen Andy's report have changed their faces. Take a breath of cool air. NIMA, this is a "mine". It can kill any force.

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

If all of these assets belong to Lehman, it's good to say that the key lies in Lehman's idea of profiteering at the beginning of the discovery of subprime loans. In January 2007, it acquired a real estate trust company, raised 500 million US dollars, and forcibly acquired the company worth 22.2 billion US dollars with 44 times of leverage.

Want to take advantage of this company, which has 350 residential areas and 86000 houses in the United States and Germany, especially the high-priced houses in major metropolises.

Top touch!

This is a big death! What's the real estate price now? It's entirely cabbage prices. Even if the prices in places like New York and Manhattan don't fall or even rise, but there is only such a small area, the key is Lehman's total loan of 60 billion yuan. Only these real estate can't be sold out, and the collapse of Lehman is certain.

Andy looks at the feasibility plan on the last page of the data, and he can't help thinking. His right hand keeps touching his chin, and his eyes squint slightly. In a moment, his cold eyes flash and make up his mind.

"I'm not interested in these real estate right now. Although it's very cheap, it's still not enough to force them to death. First, hedge Lehman's stock price, concentrate on shorting it, release information, spread the data above, and let all companies interested in Lehman's assets sweat!"

Andy's words shocked everyone in the meeting room. My boss, this is to detonate a mine! Say no, it will blow up the whole Lehman. If Lehman can't hold on to the short position and directly lies down and goes bankrupt, it will make a fire.

"Boss, these materials are too violent for Lehman, which is on the verge of collapse. It's easy to directly blow them up. To maximize the benefits, it's better to use rumors to operate. Moreover, the short time should be limited to a week, ready to leave. Once Lehman goes bankrupt..."

Andy naturally knows what al didn't say. Once Lehman went bankrupt, he would lose his life. However, the reason why Andy chose to play shock game with violent means is that he hoped to squeeze out the last bit of oil and water from it before Lehman went bankrupt, and then use the money to join the feast of dividing up Lehman's liquidation assets.

However, what al said is also true. He may be in a bit of a hurry, but he can't satisfy his current appetite by playing small games. He knows that without his participation, Lehman may go bankrupt in mid September, but he doesn't want to drink some soup behind others.

He wants to dominate the rhythm of this feast and control the process of the collapse of Lehman. Only in this way can he get the biggest piece of cake.

Seeing that the boss didn't speak, Al frowned slightly, and said again, "with half true and half false rumors, let Lehman leave the last chance to breathe, and give us enough time to quit. Boss, we don't have to take risks, and there's no reason to take risks!""Hoo --"

Andy's heart strings trembled and his face changed slightly. At last, he breathed out a mouthful of dullness. He shook his head and smiled bitterly and looked at al and said, "I'm not willing to. Most of the 300 billion assets can only be seen evaporated, and the parts that can be withheld must be shared with others." The people make complaints about

do or think the same without prior consulation2. The people in the conference table of the

are all very strange, and their corners are slightly lowered, or their expressions are too obvious. They are seen by the big BOSS.

"Boss, at this time on Wall Street, half true and half false rumors plus short selling are just like aircraft carriers plus nuclear warheads. Their power can easily wipe out a company that has existed for hundreds of years and has tens of thousands of employees from the earth.

What we need to do now is to seek profits in stability and control the greed in our hearts, because now and in the next year, there will be a lot of youhoo put in front of the boss.

In addition to the real high-quality assets we can use for operation, the rest, if it can't be realized quickly, even if it's cheaper, we can't ask for any more from you people, because this kind of assets will certainly be a lot, it's OK to say that it's two acquisitions at a time, but it's really a lot of acquisitions, and your cash advantage will be gone! "

Hearing al's words, Andy could only shake his head and smile bitterly, and nodded slightly: "yes, it's really too many good things, how can they be taken down? I also think about Starbucks and AMC cinema... Well, prepare according to your wishes. Although you want to have a full meal, if you choke, you will lose more than you gain. "

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

As for whether anyone is worried about the US government's rescue of Lehman, the answer is yes. Paulson will certainly not go to rescue Lehman. As he said earlier, Goldman Sachs would like to see Lehman go bankrupt, but the important thing is that once Paulson formally takes over the two houses, he will never go to rescue Lehman again.

This will not only make Paulson face moral risks, let innocent nashuis bear the consequences of greedy human nature and failed business model, but also potentially encourage the creation of derivatives that take huge risks to earn huge profits, because if the gambling is lost, there will also be the government to come out and collect the shares.

In order to avoid such a situation, Paulson will definitely find a target to make an example of others and throw cold water on Wall Street, so that the big guys will wake up and realize that the government will choose to let them live and die.

Of course, this object may be Lehman or AIG insurance company, but who makes Lehman the most arrogant, the most unpopular, just as it also collided at the right time, who will not sacrifice it?