The Industrial Giant Reborn

"Wal-Mart? Mr. Chen is talking about Wal-Mart in Arkansas?" Joey asked.

"Yes, exactly." Chen Zhiwen nodded and said, "I want to buy as many shares as possible."

"Wal-Mart, a supermarket, has expanded very fast in recent years. I have also paid attention to this company. It can be said that it is a good investment target. However, this company has two problems. The net profit is controlled very low, far below Other similar companies, and this company is a family business. Although it has been listed, their family still holds most of the shares, and there are not many tradable shares, so it is difficult to acquire many shares." Joey said professionally.

"It's okay, this is an investment, and I'm more optimistic about this company." Chen Zhiwen said indifferently.

The investment in Saul Pierce is a strategic investment in the retail field, using the ability of others to run his own company, and Wal-Mart, it is too late to enter the game now, Sam Walton has already managed Wal-Mart very successfully, in 1972 After going public in 2010, the financial problem was solved, and it has been smooth sailing since then. The stores can be occupied wherever they are opened. Although the profits of each store are not high, they can still make a profit, and they can also grab the local market.

At this time, it is difficult for outsiders to come up with 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 Hong Kong-based British companies, but This requires several years of planning. For such a long time, such a large sum of money cannot really be put in the bank to earn interest. Diversified investment in some companies with potential is the best solution.

It’s just that in the 1970s, he knew very few dark horse companies. Even Berkshire, the future stock market god Warren Buffett, has been falling in recent years, and some potential companies need to invest for more than ten years, and they don’t need a lot of money. , After much deliberation, Wal-Mart is more suitable.

Today's Wal-Mart has a market value of more than 500 million US dollars. From the 1970s to the 1990s, Wal-Mart has been singing all the way in the retail field. Naturally, the stock price has also skyrocketed. It has increased by 50 times in 26 years. The temporarily unused funds are invested in and the funds follow Wal-Mart. If you need it in the future, the stock price may have risen by two or three times. If you need funds at that time, don’t sell them. Instead, you can directly ask the bank for mortgage, and you can easily get higher funds than the original investment.

"In this case, there is no problem. What is Mr. Chen's reserve price for Wal-Mart's acquisition?" Joey asked.

Chen Zhiwen said: "I'll take everything below $17. If it exceeds, you can inform me again. Just make these phone calls."

After finishing speaking, 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, which are the phone numbers of the bedroom, office and assistant at home. Normally, the phone will be reserved in advance. , but special circumstances must also be considered. In an era of underdeveloped communications, this is the only way to go.

"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 intention. As long as the power of attorney is signed, Tomorrow I can arrange to buy Wal-Mart stock on the stock market."

"Okay, let's go." Chen Zhiwen nodded and said.

After a hearty steak, Citibank's legal department has prepared the power of attorney, and Ron also took his legal assistant to review the content of the power of attorney. Although this is a standard document, it still needs to be approved by 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 50 million US dollars in his account to buy Wal-Mart stocks in the stock market. Report once and get the follow-up authorization before proceeding to the next round.

1 The next day, Chen Zhiwen came to Citibank again to watch the traders of Citibank buy Wal-Mart stock in the stock market. In one day, he bought shares worth $300,000 by selling high and buying low, accounting for about 0.06% of Wal-Mart's market value. The reason why it is so low is also because the normal annual transaction volume of Wal-Mart stock is only three to four million US dollars. If you want to buy slowly, you must control the amount, otherwise, you can easily enter the market with only a few million US dollars in a day. Pulling up the stock price will not only make a loss in the acquisition, but 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 in Citibank to supervise the daily operations of Citibank, and 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 brought a group of people to Nebraska, which is located in the central part of the United States, and visited Berkshire Hathaway, a giant textile company here.

Berkshire Hathaway, many people are familiar with later generations, and in the 1970s, he was still an American textile giant, but it has been beaten all over the place by the textile industry from Asia over the years, if not for a The entrance of the savior, this company is estimated to not survive the 1980s.

Naturally, Chen Zhiwen came here not for textile-related matters, but to visit the boss behind this textile giant, future stock god Warren Buffett.

Buffett in the 1970s is still just an entrepreneur with excellent investment ability, and he is not as valuable as his later generations. Under the recommendation of Citibank, Chen Zhiwen also met this most famous investor in later generations.

"Mr. Chen wants to take a stake in Berkshire Hathaway?" After some conversation, Chen Zhiwen expressed his intention. After a pause, Buffett asked, "Why? The US textile industry is already a sunset industry."

"I know, as far as I know, I invested in Mr. Buffett. As far as I know, last year Berkshire's investment and insurance business made more than 6 million US dollars in profits, but the textile industry was less than 500,000 US dollars. I Think, Mr. Buffett will no longer be in the textile industry in the future, right?" Chen Zhiwen said with a light smile.

Buffett's investment performance, people of later generations basically know that if it is not for the Internet and the electronic age being robbed of the limelight, then he will definitely become a global business icon, but in this era of severe inflation and the stock market is falling, only a few people such as Buffett , You can also 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 given up." Buffett said with a smile: "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 all investment issues. Pure investment and future benefits are not the main strategic development direction. Let’s keep the pen and ink a little less, so as not to be criticized!