Rebirth 79: I opened a bank in the United States

Chapter 934 The entire market value is inflated
Chun Doo-hwan's concerns are not groundless
When his biggest reliance: the army, cannot be mobilized, or when he is not so daring to mobilize easily!

The people who marched and demonstrated, including the agitators and leaders behind the demonstration group, gradually became bolder!

In the beginning, demonstrations only existed in the outskirts of Gyeonggi-do, such as Incheon and other places.And when the time came to May, after seeing that Seoul had not shown signs of mobilizing the army to suppress
Some people may know that the United States is putting pressure on Chun Doo-hwan; some people may not know, but the situation in front of us:
Chen Bing of the U.S. Army Jeon Rado, and Quan Douhuan has not mobilized the army for a long time!

People with more active minds can more or less guess some possibilities in their hearts.
In this almost laissez-faire environment, more and more demonstration teams gathered, and the noise became louder.
Finally, on May 5th, Carter got a message from Lu Tae-woo: he was officially designated as the successor by Chun Doo-hwan. On June 30, Chun Doo-hwan will arrange for the Democratic Justice Party to hold a referendum on the next presidential candidate
If Carter understands Korean history, he will find that this time is three days earlier than in history!

"Are you performing according to plan?"

"Don't worry, I'm not stupid, and I'm not that impatient. I behaved submissively, even panicked, and I said in front of Quan Quan's face, 'Your Excellency, you should take charge of the overall situation and lead to the end! I'm afraid I won't be able to do it well. !'"

While satisfied with Roh Tae-woo's performance, Carter turned his attention to the United States.
Korean affairs have developed to this point, and the remaining matters do not need Carter to intervene for the time being.On the other side of the United States, some movements aroused Carter's vigilance:
The abnormal appreciation of HT stock price!
And the income of the black flag commercial bank's securities investment has risen abnormally and rapidly
When the time came to 1987, HT's core competitiveness: cheap!Of course, there is still a market. At this time, the United States still needs some time before economic recovery, and the demand for cheap food from the bourgeoisie, especially manual workers, is still not low.

But everything is relative!

Compared with the United States, which entered the golden age of the 90s, the current demand is undoubtedly high.But compared to the Great Depression in 79-83, the current demand is far less hot than before!
This point can be clearly reflected in the annual financial report!

The total sales volume, with the development of stores and the development of international markets, is of course rising steadily.But on average, for each store, except for individual stores, most of the store sales are in a declining or stable state.

Whether it is the development of the company or the expansion of stores, HT has entered a relatively peaceful and stable growth period at this time.And during this period of time, after so many years of precipitation, HT's stock value will hardly be inflated!

How many catties and taels it has, how much profit it can make every year, how much money can be used to distribute dividends, and what is the return on investment, these are almost all relatively stable figures in recent years.

After any company enters this stage, if there are no particularly major news reports, such as negative food safety issues; such as positive, new profit points, etc., its stock price will no longer have the possibility of violent fluctuations.

However, from February this year to the beginning of June, in less than four months, HT's stock price once again broke through $2
Faced with Fidelity manager Smith, who called himself to inform himself that HT was about to hold a board meeting to make a stock split resolution, Carter did not directly nod and indicate whether he would attend or not as he did two years ago, but
"Mr. Lynch, do you understand the recent fluctuations in US stocks?"

"Have you noticed this problem too?"

"The recent rise is a bit turbulent, abnormally turbulent!"

"Yes, I also have a feeling of uneasiness in my heart. Just now Mr. Smith called me and said that HT's stock price broke through 10 US dollars, and asked me if I would vote for a stock split as usual. But I remember that I I just read HT's financial report for the first quarter, and the market performance is no different than before! Logically speaking, it is normal for HT's stock price to remain around $8, but now."

After the stock split, the unit price will be lower, the transaction threshold will be lower, and the liquidity will be better.But again, it will fluctuate more slowly.
Because the stock is always split more and more, if you want to make the overall rise of about two dollars, it means that in just a few months, the stock price and market value of the entire HT have risen by 25%!

This is not a small number!

Such a sudden rise in the absence of any fluctuations in market performance
"I'm currently investigating at the Pedros Group. It's not just the HT family that has this kind of situation. Pedros and the Sears I went to yesterday, the situation is similar to what you encountered."

"The market performance has not fluctuated, and there have not been any major moves recently, or there have been related reports. And the industry is also varied, such as manufacturing, retail, and real estate! In addition, the Dow Jones index is also not quite right "

"At the end of last year, the Dow Jones index was only 1895 points, but now it has reached 2397 points. If there is no accident, it will break through 2400 points in just a few days! The increase is close to 26%, which is similar to the HT stock price you described. The increase is extremely close!"

"So, my HT is still holding back?"

Carter chuckled and made a joke
It's just that while talking and laughing, Carter's face didn't show any smile at all.
The reason why this call was made to Peter Lynch was because Carter knew him well.Compared with other fund managers who like to look at data and financial reports, Peter Lynch is often more willing to visit his favorite investment objects on the spot
Sometimes they even pretend to be consumers to actually experience the other party's goods or services.In the information he confided, Carter almost confirmed the harbinger of a shocking change
If it is just a HT company, there is such a kind of "the market performance does not fluctuate, but the stock price rises rapidly", Carter can also attribute it to the market losing its mind.However, several companies in a row have similar situations
When the original stock price has been in line with the company's market performance, the stock price suddenly and suddenly rises sharply, which must mean that the value is inflated.When realizing that the price is inflated, anyone with a normal mind will think of the next action: short!

To be honest, for HT, no one knows how much this thing is worth better than Carter!
As the major shareholder of HT, Carter is also clear about any information and decisions.

Perhaps normal bosses and major shareholders will never be too hotheaded to short their own company's stocks.But for Carter, the value of HT has been used up almost
If you can still earn a fortune from HT.
Anyway, Lao Tzu is not the chairman now, is he?

But when the investment income of the Black Flag Commercial Bank is also rising rapidly, something is wrong!
After the phone call with Peter Lynch, the taste is even more wrong!

Whether it is data or news, the most intuitive thing for Carter is: the value of the entire market is inflated!
(End of this chapter)