Chapter 506: If you want to make money, you have to keep a low profile!

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"Speaking of Enron Energy, I suddenly thought of someone!"

When Zhu Ke was discussing with An Di and others, someone in the office suddenly mentioned something unexpectedly.

Zhu Ke took a look.

——William Snape!

He is the head of the information consulting department of Dafeng Capital, a veteran in this industry, and the second batch of partners in Dafeng Capital. Although he belongs to the second echelon of senior management, he is very capable and no one will ignore him.

Zhuke looked at him and said, "Snape, you suddenly think of someone, just talk about it."

An Di and the others also stopped the discussion, and their eyes turned to William Snape.

"Everyone, I don’t know. Have you paid attention to the issue of Fortune 20010312. In the C version of this issue, Jim Cheos, the boss of Wall Street Jaws Investment Company, gave a speech on the earnings of Enron. Questioning." William Snape said solemnly.

Jim Cheos, owner of the Great White Shark Investment Company?

Zhu Ke was taken aback, and said, "Is it the Jim Cheos who is keen on short-term investment and has a good reputation?"

"Yes, it's him." Snape responded.

Mentioned Jim Cheos, owner of the Jaws Investment Company, and all the executives present knew it.

After all, everyone eats on Wall Street.

Although Jim Cheos is not a star figure in the investment banking industry, his popularity is a thousand miles worse than that of Soros, but he has also been on Wall Street for decades. With a good reputation and credibility, he has made his own. Tiandi is a small celebrity.

Two years ago, at a cocktail party held on Wall Street, Zhuke had a brief exchange with Jim Cheos.

William Snape: "In the C edition of Fortune 20010312, Jim Cheos publicly questioned Enron's earnings."

"He cited a lot of data in the article and analyzed Enron's profitability. In 2000, it was 5%. By the beginning of 2001, it fell below 2%. For investors, the return on investment was only about 7%. "

"The return rate of 7% is 1.2% lower than the average return rate of 8.2% of the major investment banks on Wall Street."

Hearing this, everyone nodded.

An executive questioned: "This doesn't tell me anything?"

Another executive echoed: "The rate of return alone does not mean that Enron's accounts are fraudulent."

An Di and Zhu Ke looked at each other, then looked at Snape and motioned for him to continue.

"You are right, this set of data alone really doesn't explain much."

Snape said solemnly: "But! Jim Cheos also said in the article: Enron's business looks brilliant, but in fact it doesn't make much money, and no one can say how Enron makes money. "

"......"

As soon as he said this, the audience was in an uproar.

Unknown source of income?

For a while, the executives present were aware of the situation.

President Andy Chelop said in a deep voice: "The biggest problem is that we can’t support Jim Cheos’s remarks. If we act rashly, we may cause losses."

After all, the target is an energy giant company with a market value of 100 billion U.S. dollars, so everyone cannot be cautious.

Zhu Ke sternly said: "If the problem arises, then we will investigate, but one thing must be remembered, we cannot commission any commercial investigation company or accounting company."

Everyone nodded again.

It's true that commercial survey companies and accounting companies rely on credibility.

However... Enron's plate is too big!

The characters and interests involved must not be underestimated.

The most important thing is to entrust these commercial investigation companies and accounting companies. It is very likely that the information will be leaked. At that time, the interests of Dafeng Capital will be harmed.

The collapse of hundreds of billions of giants involves risks, enough to destroy anyone.

Zhuke can't be too careful!

At the end of the meeting, Zhu Ke solemnly said: "Everyone has signed the confidentiality agreement, so there is no need to mention some things. I believe you only mentioned it to you, but if the news is leaked, don't blame me for turning my face. Recognize people!"

In the last sentence, Zhuke was completely warning them.

In the capital world, the energy possessed by the rich is so great that it makes you feel terrible!

Andy Chelop also gave them a meaningful look and smiled: "Everyone, before the dust settles, I don't want to see anyone leave New York, OK?"

He is also warning everyone.

Everyone present nodded.

In fact, the credibility of these cunning foxes is still guaranteed. After all, they are all partners and shareholders of Dafeng Capital. If the information leaks, the damage is also in their own interests.

........

9 o'clock in the evening.

After Zhuke finished his dinner, he went back to the hotel room to rest.

Of course, it is not that early to rest.

Zhuke is thinking!

"My half-dead system didn't jump out this time and gave me the information of Enron. Otherwise, why should I work so hard?"

After all, Zhuke spent his life in the great dynasty, and he didn't know much about Enron in the United States.

Just know it's approximate.

Moreover, the reason why he can know this is that Zhuke saw it when he was boring in his previous life, when he flipped through the old newspaper.

Newspapers, everyone knows that sometimes they are vague!

"In mid-August 2001, there were more and more questions about Enron from the outside world, which eventually caused the stock price to fall. In just half a month, Enron's stock price has fallen from $80 to $42;"

"In October 2001, Enron published its third-quarter 2001 financial report, announcing that the company's losses totaled more than $600 million;"

"On November 1, 2001, Enron mortgaged part of the company's assets and obtained a $1 billion credit line guarantee from JP Morgan and Solomon Smith Barney. However, Merrill Lynch and Standard & Poor's still downgraded Enron again. ."

After investigation, the partnership company that had been hidden behind Enron began to emerge.

After investigations by professional institutions, most of these partnership companies are controlled by Enron's senior management, and Enron's large external loans are often listed in these companies instead of appearing on Enron's balance sheet. In this way, Enron's huge debt of $13 billion will not be known to investors.

At the same time, some of Enron's executives also profited from these partnerships.

What makes investors even more angry is that it is clear that Enron's senior executives are very aware of the problems that arise in the company's operations, but they have ignored them for a long time and even deliberately concealed them.

Many board members, including CEO Skilling, on the one hand preach that the stock price will continue to rise, on the other hand they are secretly selling the company's stock.

That's right~www.wuxiaspot.com~ They are selling stocks by themselves! ! !

Of the 14 supervisory board members of relevant federal government departments, 7 have a special relationship with Enron. They are either dealing with Enron or working for a non-profit organization supported by Enron, turning a blind eye to Enron's various misdeeds.

Fraud, money laundering, securities fraud, insider trading, private benefit...

Scenes of crimes are going on!

To put it bluntly, Enron, from shareholders to executives, emptied Enron and put all the investors’ money into their pockets.

Ha ha, the market value of hundreds of billions of dollars? !

Not to mention hundreds of billions of dollars, even if it is doubled, it will not hold up these greedy guys.

Zhuke said to himself: "All I always say, never overestimate the quality of these professional managers. Foxes are very cunning, but they are a hundred times more cunning than foxes."

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