Coquettish Rebirth

Having said that, anyway, the United States will use various methods to ensure that various international investment hot money returns to the United States for investment.The United States will use all means to ensure the prosperity of their own country. As for the European boys...as long as the European boys don’t starve to death, it’s okay for Americans to be rich or not!If it weren't for the fact that the Soviets could easily occupy Western Europe, the Americans would never have made a Marshall plan to revive the broken Western Europe!In fact, to a certain extent, the United States investing in Western Europe is just like cultivating Japan, it is raising sheep!The raised wool has grown, and when the United States needs it, the wool will start to be harvested!In the late 80s, Japan's GDP reached 70% of that of the United States. Then?The Plaza Accord of the United States made it half dead, and then a few years later, the United States and Japan came to an automobile trade dispute, which forced Japan's exchange rate to increase greatly, which directly crippled Japan's ability to export automobiles for several years!

So under such circumstances, investors all over the world will know that the US market is definitely the safest.So with such a perception, it is normal for someone to plan to expand against the market!Among other things, American Springleaf Holdings, which is also engaged in consumer-oriented microfinance, or translated into Springleaf Holdings, may buy this OneMain department!It's not that Jia Hongjian heard some gossip in the market, but that such a Chunye Holdings was originally engaged in small loans for consumers, and it was originally a peer, and what such a Chunye did was more than Citigroup is doing a little bit better. If they acquire Citigroup's OneMain, they will definitely become the largest consumer microfinance company in the United States at once!This kind of financial market is often the Matthew effect, that is, the strong get stronger and the weak get weaker!

Such a OneMain department sounds like a "department", but it actually operates more like a subsidiary.Such a subsidiary has 1140 branches in the United States, which is really the same as a bank branch. You must know that the cities with a certain population in the United States are not as large as the number of prefecture-level cities in China. Ah, there are more than 300 prefecture-level cities in China, including county-level cities.Not even three thousand.In the United States, the number of cities with a population of more than 20 is estimated to be two to three hundred. So, if this is the case, the OneMain department does not say that branches have spread all over the mountain villages, at least it can be said that "cities" with more than 5 people have already been established. It's all over the place!

A city in the United States can have only 5 people.Isn't this kind of city a town in China?In a larger community in China, there are 30 high-rise residential buildings with 30 floors or so. There are 4 households on the first floor. Such a community has 3600 households, even if it is an average family of three.This is tens of thousands of people!This is considered a city in the United States!Then five such communities, isn't that a town?It is normal for a branch to come to such a town.So it can be said that OneMain has really achieved the best level of development in its current position!No matter how many outlets are further developed, in fact, there will be not many users who open new accounts for new businesses, and the rent and labor costs of their own shops are too high, so now OneMain has achieved the optimal solution for their development. up.

And in such a situation, the OneMain department is so powerful that after reaching this point, their annual profit is 4-5 million US dollars! 4-5 million US dollars profit, what is this concept?Calculated according to the exchange rate of 6.3, that is a profit of 25-30 billion yuan!And shoe manufacturers like Li Ning and Anta in China.Don't look at the operating income of 80 billion or even close to 100 billion in that year, but in the end their net profit was only more than a billion!There is really no money from OneMain!Even a local Chinese auto group like Geely Automobile's net profit in 2012 was only RMB 20 billion!It's not as good as making money from OneMain!For example, Baotou Steel Group, the top domestic company in Shanghai, has a profit of only 2012 billion yuan in 130, and a group like Anyang Iron and Steel Co., Ltd. has an operating goal of 2012 billion yuan in 30. Renminbi!

Therefore, compared with our domestic enterprises, a department like OneMain can really be regarded as a fairly large-scale group in China!That profitability is really leveraged!Moreover, such a department actually did not lose money during the financial crisis!Even in 2007, their profit still exceeded the passing line of 4 million US dollars!Looking at the first quarter report of this department, it is still at the same level as the same period last year. It can be expected that the whole year of 2008 will be completed this year.This division still manages to make over $4 million!If such a high-quality department is to be sold, there will be many people robbing it!After all, this is the old hen that really lays golden eggs!Basically, if such a department really wants to buy it, it will have to spend almost 10 times its annual profit to get it, which is about 40 billion U.S. dollars.

And don't forget that this is still a losing streak at Citigroup.And when it was still a huge loss, Citigroup did everything possible to get cash in to make up for the shortfall!In such a situation, simply 40 billion may not be enough. Maybe it will cost hundreds of millions of dollars before Citigroup is willing to sell the department.Maybe the total price will soar to 44 billion US dollars or even higher!In other words, it may take 11 years to pay back after buying it! If it takes 11 years to pay back, it cannot be judged intuitively as a very profitable business!According to the thinking of ordinary people, it is a good deal to make an investment, pay back the capital in 11 years, and start to make a net profit from the 12th year.

It’s like spending money to invest in buying a house. Buying a house in all cash, based on the rent, you can earn back the money for buying the house for ten years, and then you will earn purely. This is the algorithm of ordinary people!This is not the case at the company level or at the business level—a one-time investment of 40 billion U.S. dollars or more, so how much money can the 40 billion U.S. dollars make in 11 years?So in fact, investing 40 billion US dollars does not mean that you will start making money in ten years, but it means that you will also pay the original 40 billion US dollars that you can earn in ten years!So if you really want to calculate it, even if it is based on 10% of the investment profit, if the principal of 40 billion U.S. dollars is invested continuously for ten years, the profit earned will be 40 billion U.S. dollars. So in fact, investing in such a department and buying it It is equivalent to losing 80 billion US dollars or even 88 billion US dollars to the other party at one time!

This is the thinking of potential competitors who buy OneMain. They definitely want to pay less money at a time. Even if they want to pay more, they hope that they can pay in installments. Nothing could be better!This is equivalent to using the profit of OneMain to pay Citigroup for the purchase of OneMain, and then when a company like itself buys the Citigroup department, it means that it has not paid a penny!In this way, their own funds can still be used for investment, so how much money can they make?

And Jia Hongjian’s calculation is not based on the 40% investment profit of 10 billion U.S. dollars per year for 10 years. Such an algorithm is a very, very ideal algorithm. If calculated according to bank interest, 40 billion U.S. dollars It is estimated that the interest rate of 5% or 6% a year in US dollars is quite good. In fact, after the acquisition of OneMain, sooner or later, it will be able to catch up.After roughly mental calculations, Jia Hongjian felt that the purchase capital was within 50 billion US dollars, which was acceptable to him. If it was more, it would really not be worth it.After all, such a department is just an icing on the cake for Jia Hongjian's mobile payment!After all, what he actually values ​​is not the annual profit of such a company, but the more than 1000 outlets of such a company in the United States!With so many more than 1000 outlets, isn't it actually equivalent to acquiring more than 1000 small banks at one time?

Although the small banks in the United States are small, the purchase price is really not low, okay?Some small community banks with better profits can’t be bought with tens of millions!If you really want to buy it, it is normal to spend 5000 million, and even some relatively large community banks will be close to 1000 million US dollars!If this is really calculated, in fact, if 1100 small banks are actually acquired, the price can only be more expensive than the acquisition of OneMain!After the acquisition of OneMain, their more than [-] outlets across the United States can issue credit cards to help Jia Hongjian and the others promote mobile payment. Make mobile payments in the same way as credit loans!In this way, there is no need for an intermediary such as a credit card, and then a loan interest rate similar to that of a credit card for small loans for mobile consumption, wouldn't that be enough?For OneMain, this is a new business they developed from Huaxia Hi-Tech. It is completely different from the previous business, and it can be extended to the entire American society. In the future, Americans can use their mobile phones to pay for anything on the street, and they can go directly. OneMain's account, how beneficial this is to their business growth!Isn't this the same as making small profits but quick turnover?Even in the future, if it is combined with online repayment and other methods, consumers will not even need to go out of the house to repay the repayment after paying by mobile phone. How good it is!And you won't have no way to spend when you have no money in your pocket, which is great!

After thinking about this, Jia Hongjian decided to let Huaxia Hi-Tech offer a price for such a OneMain department of Citigroup!As expected, Citigroup has adopted a method similar to bidding - asking the company that wants to buy it to set a price, and then Citigroup will compare the prices offered by interested companies, and finally choose the highest price to make a deal! (~^~)