American Fortune Life

“Boss, this is Lehman Brothers' analysis, all the data listed are exclusive... ”

Andy looked deeply at Michael Dior, the chief analyst in his think tank, nodded slightly and took the data and looked.

The first essential lessons for a true analyst are to become an accountant, read the company's financial statements (if you want to fire stocks, you better understand them, they contain a lot of secrets), understand the games of interest behind different accounting treatments, and restore the company's true financial position.

Then you need to personally investigate the sales, management, etc. of the business in the field. Cocksucker analysts should also have their own exclusive source of information. The higher the level of information source, the more valuable the information obtained.

When Lehman launched his luminous performance report and self-help plan, Michael Dior glanced behind the performance report, and Lehman's incredibly optimistic valuation of his assets confirmed that Lehman was on the verge of death through in-depth research and aggregation of information.

Looking at this information, Andy looked at Michael with satisfaction, and despite financial reporting and accounting manipulation in the market, an experienced accountant would still be a test stone for a good business and a weighty role.

“So the secret work that Lehman is doing right now, the new company that REI, the company that formed, injected into the books of the head office, has stripped over 30 billion assets that have been restructured in various ways, only 60-65 per cent of their value, or even less, and there are almost 10 billion caves that they're going to use to pit people? ”

Andy shook the information in his hand and looked at Michael Dior with a smile and asked, now he knows why Paulson would rather watch Lehman collapse than do it, Nima, this is going to the death pit, whoever takes over will be bleeding!

“Yes, boss, more importantly, the more than 10 billion holes, have nothing to do with junk subprime lending, and more importantly, they have nothing to do with CDOs, but with the assets associated with commercial real estate! ”

With Michael's voice just falling, the think-tank people who hadn't seen Andy's report were turning colorful, breathing a sip of cool air, Nima, and it was a 'mine’, a mine that could blow up any force.

Commercial real estate is non-resident residential real estate such as office buildings, apartment buildings, hotels, industrial land, mall shopping malls, etc.

If all of these assets belong to Lehman, the key is Lehman's death at the beginning of the discovery of subprime mortgages, with the idea of capturing the benefits, acquired a real estate trust in January 07, financed $500 million and forcibly acquired the $22.2 billion company with 44 times the leverage.

This company, which has 350 residential districts throughout the United States and Germany, has 86,000 housing units, especially high-cost housing in major cities.

High-top!

This is a big death! What is the real estate price now? It's totally cabbage prices, even in places like New York, Manhattan, where house prices haven't fallen, or even tended to rise, but after all, there's only one tiny spot, and the key is Lehman's loan, which totalled 60 billion dollars, and only these real estate properties can't be sold, and Lehman's collapse is nailed on the board.

Andy looked at the feasibility plan on the last page of the information and couldn't help but meditate, his right hand constantly touching his chin, his eyes slightly squinting, and it was not long before the cold flashed and he made up his mind.

“I'm not interested in the real estate right now. It's cheap, but it's still not enough to drive them to death. First, hedge Lehman's share price, focus on emptying it, release the message, spread the data on it, and let all companies interested in Lehman's assets sweat! ”

Andy's words shocked everyone in the conference room. My boss, it's a mine explosion! Otherwise, Lehman will blow up the whole world. If Lehman can't hold on when he's free, and he's lying down in bankruptcy, then the fire will come out.

"Boss, this information is too violent for Lehman, who is already shaken up. It's easy to blow them up directly. To maximize the benefits, let's run with rumors, and limit this time to one week, always ready to leave the scene once Lehman has collapsed. ”

Andy naturally knows what Al didn't say, and once Lehman collapses, he will have no blood, but the reason Andy chooses to play shock games with violent means is to finally squeeze a little oil out of Lehman before he collapses, and then use that money to add to Gualman's luxury of liquidating assets.

But Al is right, he may be in a bit of a hurry, but his current appetite can't be satisfied with a little noise, and he knows that without his participation, Lehman might be in bankruptcy in mid-September, but he doesn't want to drink soup with someone else.

He wanted to personally dominate the pace of this feast and manipulate Lehman's ruin process so he could get the biggest piece of cake.

Al sees Big BOSS not talking, his eyebrows slightly wrinkled, and he says again: “With half true and half false rumors, let Lehman leave us with the last chuan breath, give us plenty of time to quit, boss, we don't have to venture, and there's no reason to venture! ”

“Hoo--”

Andy's heart strings trembled slightly, his face changed slightly, and he eventually blew out a cloudy breath, shook his head and looked at Al with a bitter smile: “I'm really unwilling, 300 billion dollars in assets, most of which I can only watch evaporate, and share with others. ”

Everyone at the conference table looked weird, the corner of his mouth twitched slightly lowered his head, otherwise his expression was too obvious, and he was seen by the big BOSS, all of them alike vomiting the boss's greed.

“Boss, at this time Wall Street, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths, half-truths and warheads of aircraft carriers, the power of which could easily wipe out of the planet a company that has existed for hundreds, tens of thousands of employees.

All we have to do now is steadily earn money and control our inner greed, because there will be plenty of youhuo in front of the boss now and over the next year.

In addition to the real high-quality assets we can use to operate, the rest, if it can't be realized quickly, even if it's cheaper, we can't even take YOU people anymore, because there will definitely be a lot of such assets, two acquisitions at a time is good to say, but there really are a lot of acquisitions, boss, your cash advantage will be gone! ”

When I heard Al say it, Andy shook his head and smiled and nodded slightly, “Yeah, it's really too much of a good thing to take it down. I still think about Starbucks and AMC Cinema... Well, prepare as you wish, though you want to eat a bite, but if you choke to death, you have to pay. ”

Al heard that the young boss was persuaded, he was relieved, his boss was good at everything, it was too greedy, the pursuit of wealth was not weakened by the fact that he had ranked the world's twentieth billionaire, but became stronger.

As for anyone worried that the U.S. government would save Lehman, the answer is yes, Paulson would definitely not go to save Lehman, as I said a long time ago, Goldman Sachs would fail, and the important thing is that Paulson would never go after Lehman once he officially took over the two rooms.

This not only exposes Paulson to moral risk, leaving the innocent Nashui to bear the consequences for greedy humanity and failed business models, but also potentially encourages the creation of derivatives that take huge risks to earn huge profits, because if gambling is lost, the government will come out to close.

To avoid such a situation, Paulson would definitely find someone to kill an exemplary monkey, throw a plate of cold water on Wall Street, wake the big men up, and make them realize that the government would choose to let them die for themselves.

Of course, it could be Lehman, it could be AIG Insurance, but who makes Lehman the most arrogant, two-thirteen, the least invisible, and it also hits at the right time, without sacrificing it?