Coquettish Rebirth

But having said that, for the time being, the benefits of joining mcx are still in the future, and everything will have to wait for the results of the mobile payment system that is still being intensively developed.From a certain point of view, this means that the layout has been completed, that is, everything is ready and only the east wind is owed!It's just that this Dongfeng can't be obtained by some disheveled hair and go to the Seven Star Altar to pretend to be a ghost. It has to wait for a year and a half.

For the time being, the affairs of mcx have been settled, and after the plans have been agreed upon with several giant retailers, there is nothing to do with Jia Hongjian for the time being. While paying attention to the situation of various small and medium-sized banks in the United States, he will Attention shifted back to Tesla.As for the small and medium-sized banks in the United States, there is not much happening now, and it is expected that it will take some time for something to happen.However, the United States has caught a cold, and now the world has begun to feel a little headache-in February 07, after the New Century Financial Corporation of the United States issued a profit warning for the fourth quarter of 2, the United States gradually began to enter the subprime mortgage crisis.In April, such a second-largest subprime loan company in the United States announced its bankruptcy.

Then, after a series of various investment banks in the United States and Freddie Mac and Fannie Mae began to be unlucky and began to tighten their funds, in August, such an economic crisis in the United States has begun to spread to other countries in the world. On August 8, the German Industrial Bank announced a profit warning, and later estimated that there was a loss of 8 billion euros, because one of its 2 billion euros was the "Rhineland Fund" and the bank itself participated in a small amount of US real estate subprime mortgages. suffered huge losses in the loan market business.The German central bank convened the national banking industry to discuss a package plan to rescue the German industrial bank.On August 82, 127, the American Home Mortgage Investment Corporation, the tenth largest mortgage lender in the United States, formally applied to the court for bankruptcy protection, becoming another large mortgage lender in the United States to file for bankruptcy after New Century Financial Corporation.

On August 2007, 8, the American Home Mortgage Investment Corporation, the tenth largest mortgage lender in the United States, formally applied to the court for bankruptcy protection, becoming another large mortgage lender in the United States to file for bankruptcy after New Century Financial Corporation. On August 6, 2007, Bear Stearns, the fifth largest investment bank in the United States, announced the closure of two of its funds, also due to the subprime mortgage crisis. On August 8, 8, France's largest bank, BNP Paribas, announced the freezing of three of its funds.It also suffered huge losses because of investing in US subprime mortgage bonds.The move sent European stock markets tumbling. On August 2007, 8, Mizuho Group, the parent company of Mizuho Bank, the second largest bank in Japan, announced that the losses related to the US subprime mortgage were 9 million yen.Banks in Japan and South Korea have suffered losses due to the US subprime mortgage crisis.According to estimates by UBS Securities Japan, the nine major banks in Japan hold more than one trillion yen in US subprime mortgage-backed securities.Later, Citigroup also announced that in July 2007, the losses caused by the subprime mortgage amounted to 8 million US dollars, but for a financial group with an annual profit of 13 billion US dollars, this is only a small amount.

But the problem is.In 2007, Citigroup's single share price has started to slowly decline from the high of 56 US dollars a share in previous years, and it is expected to fall to 08 US dollars a share by 3!It can be said that Citigroup was still the bank with the highest market value in the world in 2006, but in 07, it has already started to go downhill due to subprime mortgage and other problems.In 2006, Citigroup was trading at $56 a share.The market value alone is as high as 2700 billion US dollars!This is almost the same as giants like Microsoft!But the glory didn't last long. In less than two years, the stock price has fallen to $3 due to the impact of subprime mortgages!And if Jia Hongjian remembers correctly, the stock price of Citigroup will continue to fall, and even at the worst time in 09, the stock price will drop to about 1 US dollar!At that time, the market value of Citigroup is estimated to be around 100 billion US dollars!At this time, Huaxia Hi-Tech may be able to pay for Citigroup to buy it!And Citibank's fixed assets are as high as 2 trillion dollars!

Of course, the market value calculated based on the stock price is about 100 billion U.S. dollars, and it is impossible to really buy Citigroup at the price of 100 billion U.S. dollars.After all, stock prices are such a thing.It's just a digital representation of investors' estimation of the company's future profitability!Everyone was not optimistic about the company's future performance and sold his shares one after another.Then the stock price will definitely fall, and it has nothing to do with how many properties the company owns now!Not to mention that Citigroup has 100 trillion in fixed assets, even if the entire United States belongs to Citigroup, the stock price of Citigroup will still fall in the case of subprime mortgages!But if Citigroup really wants to sell it, it must not be a mere $2006 billion.Therefore, the matter of buying Citigroup can only be thought about.but.Although it is impossible to buy the entire group, even though it is impossible to buy such a group that was the largest bank in the United States in [-], we can consider buying some stocks, right?

If Jia Hongjian remembers correctly, Citigroup issued shares like crazy in 08 and 09.Originally, the total number of shares was 50 shares.Surprisingly, in 2010, 290 million shares were issued!Then in 2010, seeing that the stock price still couldn't rise, they had no choice but to choose a way to hide their ears and steal the bell - the reverse stock split, that is, not to issue additional shares, but to issue fewer shares, which means that the previous 290 million shares The stock will be converted into 10 shares by exchanging 29 shares for one share!Then the stock price rushed from around $4 to $40 all the way!Although it seems that the stock price has risen, shareholders have not made much profit, because at that time, $40 per share was still equal to $10 per share for the previous 4 shares!

But it was different for Jia Hongjian!At one point, Citigroup was so miserable that it needed the government to intervene, and it needed tens of billions of funds from the government to bail it out. The stock price fell to around US$2009 around March 3!At this time, if we spend a lot of money to buy some stocks, become the third largest shareholder or the second largest shareholder of Citigroup, and then we sell when Citigroup's stock reaches 1, even if it is 40 shares for one share , then our stock book income can also be 10 times!Why not earn this money?And there is no risk in this matter-because a group like Citigroup was the largest banking group in the United States before, it can be said that it is completely a typical example of too big to fail!

After all, a large banking group with assets of 2 trillion US dollars has collapsed.How much impact will this have on the US economy?At this time, the GDP of the United States was only 10,000+ billion U.S. dollars!It is equivalent to one-seventh or eighth of the gdp being shattered. This thing will definitely hurt the United States internally!So even if Citibank is out of gold and jade, the United States can save Citibank!And that means no risk!Although the evaluation of Citigroup is to say that it is rich in gold and jade, but the camel is bigger than the horse. With such a large size, Citigroup can restore the stock price to the level it was before.Not to mention raising the market value to more than 2000 billion U.S. dollars, but how to say that the stock price at the worst time in 09 has quadrupled... Is this still no problem?

You must know that it is almost four dollars a share, which should be the usual stock price standard of Citigroup. Originally, before the 90s, the stock price of Citigroup was more than three dollars. Later, a local tycoon in the Middle East bought a lot of stocks at once. Then two years later, the United States liberalized the subprime loan market and various financial derivatives, and after Citigroup entered it, the stock soared all of a sudden!It can be said that if the local tyrants in the Middle East dumped their stocks in 06.It can simply become a classic case in the investment field!It's a pity that this local tyrant still hasn't sold it!So even if we don't plan to let Citigroup's stock rise to the exaggerated level of the year, but let it return to the historical price of three or four dollars a share, after the reverse split of the stock, it will become forty dollars a share, shouldn't it be a problem?

And if Jia Hongjian's impression is correct, Citibank is indeed working hard to turn losses into profits.On the one hand, they packaged and sold all kinds of bad debts, and sold the overdue loan bad debts brought about by the subprime mortgages to specialized account processing companies, in exchange for a small amount of money that was at least cash.Then after the loss was stopped in this way, the organization and personnel began to be streamlined.Step by step and slowly make the company profitable, the stock price should go up, right?After all, the stock price is the expectation of the future profitability of the company!This profitability depends on the final figure, not how much you lost from selling bad debts before!So in this case, Citigroup's stock price should still grow slowly after 10 years. After all, the company has dumped the laggards, and it is indeed slowly starting to make money!

After writing down such an investment opportunity and idea.Jia Hongjian knows that the small and medium-sized banks in the United States are not in serious trouble for the time being, but it is estimated that there will be troubles and big troubles, and it will not be until the middle of 08!After all, at that time, it was estimated that even Citigroup could not support it, and all kinds of small and medium-sized banks would certainly not be able to support it.So no matter what, this is Huaxia Hi-Tech's mobile payment system.It would be better if it came out before the middle of 08.And this also means that we may need to pay more overtime wages to the employees, so that they can work overtime within this year to complete the project as soon as possible.

After paying attention to the small and medium-sized banks and the overall situation in the United States, Jia Hongjian turned his head and started to pay attention to Tesla. After he acquired Tesla and had enough funds, it really fired up. .Now that the new boss has money, he is not as strict with everyone as the previous boss, so each of these engineers began to pay attention to perfectionism, and began to constantly want to optimize the consistency of the battery and the battery life of the car. ability.The battery life of the current car is about 350 kilometers, and they want to increase the battery life to more than 400 kilometers, so that the battery life is similar to that of an ordinary car with a tank of gasoline.It’s funny to say that at the beginning, a boss like Musk wanted everyone to continue to optimize with perfectionism, but various engineers didn’t want to continue to optimize. Now that the boss has changed, the engineers have started to continue to optimize. Mention the matter of the car going on the market soon-in fact, to put it bluntly, isn't this matter all about money!

When you have no money, you must want to quickly sell the product to cheat money, but if you have money, you can naturally optimize the product with excellence, right? (To be continued..)