Chapter 1692 The fog dissipates, the sun is shining!
Force listed companies to buy back stocks?
Indeed, several listed companies were shocked by the simple and crude behavior of Andy Smith, who was very arrogant and threatened to join the board of directors. In order to avoid attracting wolves into the house, they could only use the cash prepared for the company to buy back stocks in a large amount of money, trying to keep Andy Smith, the barbarian.
Several listed companies such as Amazon, Walmart, which were concentrated on buying and selling goods by Andy, and other concentrated on buying goods, with severely undervalued market value, were forced to launch stock repurchase plans in advance.
"According to reports sent back by our reporter, Citi Chairman Pandit said at a press conference that Citi is expected to usher in a long-lost profit in the first quarter.
Financial experts believe that the huge increase in Citigroup's performance may become an important turning point in the US stock market and even the US economy, and its self-repair ability of its financial system will support the US economy to bottom out in the middle of the year.
After the news was announced, financial stocks, which had a mediocre performance in the U.S. stocks that rebounded strongly today, began to rise..."
On the long table in the restaurant, Ivana turned to look at the TV broadcasting financial news, then looked back at Andy, who was having a delicious lunch, and put the peeled shrimp on his plate.
"Thank you, my dear, eat it."
Hearing Andy's push, Ivana smiled sweetly and put the shrimp into his plate, jokingly said, "I'm peeling, you eat first, you'll make a lot of money after eating, buy nai powder for your baby."
After saying that, Ivana couldn't hold back her laughter and giggled, while Andy was so amused that she could not bear to send the shrimp into her mouth. She shook her head and laughed. The smiling faces of the maids standing beside her became a little strange, and the corners of her mouth twitched a few times. At this time, there might be ten thousand magical beasts running past their minds...
Now everyone in the United States and even the world knows that the young male owner who was having lunch in front of him has stirred up the situation in the United States. US stocks have begun to turn green all over, and major indexes have also changed from falling to bottoming out and rebounding.
$11 billion!
How long does it take to spend so much money?
It’s exciting to think about it!
Andy Smith, after spending more than two hours in the morning, gave everyone curious people all over the world an answer!
crazy!
This is Andy Smith's private wealth. Whether the stock market rises or falls, makes or loses, it can be called the number one big bet in the new century!
However, those who really know some insider know that this is just the amount of funds announced by Andy, as well as the funds used to hedge, and the preferred stocks of several listed companies purchased. Andy's real funds have exceeded US$20 billion this time.
Ivana, who witnessed the whole process, was also shocked by the big money of her own man, from the initial fear, to the numbness, to the final rebound of the US stock market, at this time she was only obsessed and obsessed with Andy. At the same time, her view on wealth was also hit the most violently and reorganized.
"…A number of other listed American companies have just announced stock repurchase plans. Amazon claims to repurchase about $2 billion in stock, replacing the $1 billion repurchase plan that was approved last year 12, and the plan will be held at an opportunity to enter the [m.] bank, with no fixed deadline. FedEx said it will repurchase 10% of the outstanding shares, totaling 25 million shares..."
"Dear, it seems that your plan has been successful." Hearing the news broadcast on TV, Ivana's smile became more and more charming, and she looked at Andy's beautiful eyes with obsessed stars.
"There is no way, a large amount of liquidity has entered the bond market. If I want to promote the rebound of US stocks, I really don't see enough. Those small investors have been tortured by the plunge. Even if some people choose to believe me, the driving effect will be limited.
Only by finding ways to leverage these listed companies to use their respective funds for stock repurchase can an important source of motivation to support the rise of US stocks.
When the rebound trend of US stocks is clear, those hesitant investors will rush to enter the market, and only after forming a herd effect will the US stocks be pushed up.
The loss I invest now will only earn back dozens or hundreds of times. Those listed company executives who hold their own stocks and stock options will not miss this opportunity."
Andy smiled and introduced to Ivana briefly and clearly.
The stock market sluggish coincides with the period when many companies grant equity to executives at the end of the year. As a result, the exercise price of options is very low. The sluggish price also prompts some company boards to grant more options and stocks than normal.
That is to say, in the United States, for more than half of the executives of listed companies, the large amount of equity obtained at low prices at the end of 2008 and early 2009 became "lottery" for them.
I was worried about these stocks and options before that they could make profits. Now that the US stock market has begun to rebound, the stocks of the plummeting companies have finally begun to rise. For them, it is undoubtedly a lottery turn into a check. The shareholders of the company who have lost too much naturally hope that the stocks they hold will rebound back to the price in 2006. Therefore, for the stock repurchase proposed by these executives, with the help of the big háo of the US stock market rebound, the company's stock price soared, which undoubtedly became an extremely simple thing.
However, what Andy, the person who opened the curtain, did not expect was that the crazy thing was still behind...
"Boss, so far, a total of 368 listed companies have announced their respective stock repurchase plans.
The factors that have caused a large number of listed companies in the United States to carry out stock repurchases include pressure from rights protection shareholders, and the linkage of executive compensation to earnings per share and share price. Stock repurchases can improve these two indicators, as well as the increasing global competition and concerns that long-term investment in products and services may not be rewarded."
After lunch, Andy continued to sit back in front of the computer monitor in the study, looked at the real-time footage of the New York General Command, and listened to the latest news and various analytical conclusions that the think tanks reported to him at any time.
"Well, the general trend of the rebound has been achieved. If there is no negative economic news, the stock market rebound trend will not be repeated. What should be done, we have done almost the same. The next step depends on whether the White House and the Federal Reserve can be strong. Taking advantage of this rebound opportunity to completely dilute the public's panic."
Andy doesn't really think that relying on his own strength alone can influence the rise and fall of the stock market. In recent years, he may have learned other things well, but he has been very good at leveraging the power.
As a super rich man with a strong background and if he has the power, he will really become the stupid son of the landlord family?
Thinking of diluting the panic of investors, Andy pondered for a while, picked up his phone again, walked to the window, opened his five fingers and raised it, blocked the sun in the sky, and took a photo with his phone.
Looking at the photo, the sun shining through the fingers, Andy posted it directly on the ins, leaving a sentence with the corner of her mouth rising.
"I believe that friends who keep up with the pace are now full of money. Don't regret anyone who doesn't have it, because it's just beginning, yes, it's just beginning!"
After updating this ins, Andy then updated it again, this time there was only language.
"Waiting for the fog to clear away, and after the wind and rain, the sunshine becomes brighter."
Chapter completed!