v3 Chapter 773： 0 sales giant

Seeing Reagan appearing, Xia Yu was happy.

Although Reagan does not have public office now, and some are just the identity of the head of charity organizations, his handsome appearance, popularity of past stars, and his achievements as governor of California have all added a lot of highlights to his campaign.

If he can run as the governor of California, he will definitely have an advantage.

But unfortunately, California is now the Democratic Party's territory. The current Governor Jerry Brown is a Democrat. He is currently stirring up trouble in California, hoping to break the siege and win the Democratic nomination.

Although Xia Yu is now rooted in San Francisco, California, he also expressed his powerlessness.

California is the territory of the California consortium, and the California consortium now ranks among the top ten consortiums in the United States, and it happens to support the Democratic Party, so in fact, California is the traditional voting warehouse of the Democratic Party.

Even in the ten years when Reagan was governor of California from 1964 to 1974, he did not win this vote for the Republican Party. What's more, now Jerry Brown has re-run for the Democratic Party for six years?

In this situation, if Xia Yu ran out to wave the flag to Reagan, he would only look for bad luck.

Fortunately, Reagan himself performed well and was quite upbeat, and won the attention of many Republican leaders.

The Reagan campaign was on a better track than in the original history, and Xia Yu was relieved. He put it aside for the time being and continued to worry about his career.

Five days later, the New York branch of Polaris Capital finally officially set sail, and Peter Lynch also flew to New York from San Francisco.

"Peter, how was the company situation during the time I left?"

Peter Lynch rushed to the office of Polaris Capital Company in a hurry, and Xia Yu asked after he had a rest.

Peter Lynchhui reported: "Boss, the company is doing well. Now the number of employees has reached 152... The acquisition plan for Abbott has been made, and now I have brought it here to implement it. In addition, there has been some progress in the retail industry."

"Boss, this is a preliminary screening target after collecting business intelligence. It will be handed over to the New York branch for further analysis. There is also an acquisition plan for Abbott. Can you see, what instructions do you have?"

With that, Peter Lynch took out the materials prepared by the company from his briefcase and handed it to Xia Yu.

Xia Yu glanced, put Abbott’s acquisition plan aside, and looked at another document first.

When he was in San Francisco before, Xia Yu had an in-depth conversation with Peter Lynch, and stated the direction of the first phase of Polaris Capital's investment, that is, biomedicine, high-tech and retail industries.

Of course, Xia Yu's often sudden thoughts are another matter. Follow Xia Yu's instructions to complete them according to the situation.

In the field of biopharmaceuticals, Genentech has already invested, and Amgen has also been established, and the acquisition plan for Abbott, the target company, has also been made. It is now coming, so it is now formal.

In the high-tech field, the Bridgewater Fund and the Tiger Fund are already helping. Xia Yu has already told Peter Lynch to let him not worry about it for the time being.

As for the retail sector, Home Depot can only be said to be a surprise. When Xia Yu left San Francisco, Polaris Capital had not yet settled in the retail sector.

Reading through the materials, more and more information entered Xia Yu's mind.

In the U.S. retail market at this time, there are many national giants, such as Dayton Hudson (the predecessor of Target, renamed Target in 2001), Kmart, Woolworth, Penney, etc. It is a first-class retail giant with a lot of market share.

However, behind these established or newly emerging retail giants are major consortia, and they have all entered into this increasingly prosperous industry.

On the contrary, it was Wal-Mart, the world's No. 1 retail giant in the past, which has not yet exploded.

However, in this material, Wal-Mart is also included as the first-level important analysis object.

Seeing Wal-Mart, Xia Yu was excited and looked at its information carefully.

Wal-Mart was founded in Bentonville, Arkansas in 1962 and listed on the New York Stock Exchange in 1972. So far, it has only 241 stores, far less than the tens of thousands of stores in later generations.

At this time, Wal-Mart can only be regarded as a regional retail giant, only distributed in Arkansas in the southern United States and several nearby states.

Since its listing in 1972, Wal-Mart’s compound growth rate has reached 25%. In 1979, its turnover reached 900 million U.S. dollars and its net profit was only 34 million U.S. dollars.

Although Wal-Mart’s compound growth rate is very high, capital does not believe it because Wal-Mart’s volume at this time is small and not representative.

In the early stages of growth, companies that maintain high-speed growth are uncommon, but they are large in size and require extremely high management skills and strategic vision. Many companies will encounter bottlenecks or be knocked out of the world.

In addition, over the past eight years, Wal-Mart’s compound growth rate has fallen step by step, which also validates the speculation in the capital sector.

When it first went public in 1972, Wal-Mart still had a compound growth rate of 42%, but what about? Decrease step by step, even if one year rose a little occasionally, it immediately fell again the next year.

Because of this situation, in the past eight years, the market value of Wal-Mart has only doubled and has fluctuated greatly, with a large risk discount. The current market value is only US$330 million.

It is hard to imagine that Wal-Mart, which has a market value of four to five hundred billion U.S. dollars in future generations, has a market value of only more than 300 million U.S. dollars at this time, which is a fraction of the market value in future generations.

But Xia Yu, who is familiar with future generations, is not surprised. The 1970s was only Wal-Mart’s dormant period. It was Wal-Mart’s golden outbreak in the 1980s, with an average annual compound growth rate of over 35%. The compound annual growth rate of the retail industry is only 2%.

In the ten years of the 1980s, Wal-Mart completed its nationwide layout step by step, and its stock price rose sixty times!

It’s a shame that it has only doubled in eight years.

But this is just right. Just before the rise of Wal-Mart, it is the best time to start.

Peter Lynch and others did not have Xia Yu's forward-looking advantage, but they were able to list Wal-Mart as the first-level key analysis target under this situation, which shows that they have a good vision.

Seeing Wal-Mart, the value of this material is sufficient.

Xia Yu was happy and continued to look down.

On the last page, another target listed separately came into view.

Seeing that Xia Yu turned to this page, Peter Lynch immediately explained: "Boss, this company is just a company that has just been established a few years ago. It has not been listed. It was not listed at the beginning, but the following people After I submitted it, I saw it and thought it had investment value, so I listed it separately."

Xia Yu raised his head and glanced at him, smiled and said, "I just know this company. Although it is a small, unlisted company, it has a good model and a bright future. If you don’t write it in, I will remind you. Not bad!"

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