Chapter 957 (1/2)

Manhattan, the westero headquarters in midtown.

Simon arrived in New York on Sunday evening and spent the whole day on Monday holding meetings with the management of Westeros and other senior executives of its subsidiaries via video link on the bond issuance plan for the second half of the year.

Speaking of this, Simon's assets are now more than one trillion US dollars, and the total amount of cash held by the whole westero system is also terrible.

For example, the core of westero company, through the profit dividends continuously contributed by its subsidiaries and the large-scale continuous cash reduction in the first half of the year, the total value of cash and all kinds of short-term convertible bonds on the book of westero company at this stage has reached 12.7 billion US dollars.

This is still on the premise that westero has been making continuous investment in all aspects and has been investing heavily in Boeing, Freddie Mac, Fannie Mae, general electric, Wal Mart, Berkshire Hathaway and other old giants in recent years. Otherwise, westero will have more cash holdings.

At the same time, through the stock investment with a general holding ratio of more than 5%, the westero system has also won a large number of seats on the board of directors of the old US corporate giants, which is actually quietly strengthening the influence of the westero system on the US economy and even its potential control over the country.

The United States is a standard capitalist country.

Capital controls everything.

To control capital is to control everything, and it is more secret.

In fact, it is not a good thing for a company to hold too much cash. If the US dollar continues to depreciate due to inflation, if it does not reinvest as soon as possible, the more cash it hoards, the longer it takes, the greater the potential loss. However, as the U.S. bull market once again surged to its peak, Simon has stopped buying stocks of various corporate giants, and other investments have also begun to tighten.

The main reason is that the investment is not cost-effective.

the stock that can be sold at the moment of 100 dollars is likely to take another one or two years, until the stock market bubble bursts and it will enter the bear market cycle again, maybe twenty or thirty dollars.

On the other hand, because the market is too good, financing at this stage is easier and the cost is relatively lower, especially for a series of enterprises with rapid growth and excellent reputation in the westero system, so now is the best time to hoard cash for the future.

After a one-day meeting, the bond issuance plan for the second half of the year was basically finalized.

Start with AOL.

After the promulgation of the New Telecommunications Act, the legal restrictions restricting AOL's overall expansion no longer exist. Now AOL, on the one hand, is further strengthening its investment in telecommunications infrastructure, on the other hand, is also planning to enter the field of cable TV operators.

As we all know, large-scale Telecom investment is a very expensive business.

Just as China has to promote the overseas listing of state-owned telecom enterprises to raise funds in order to develop the telecom industry.

In recent years, AOL has been continuously issuing bonds. This time, of course, it will not miss it. It plans to issue another 10-year or 20-year long-term bond with a total amount of US $3 billion in July, which can ensure that AOL will not suffer from capital shortage for at least the next two years.

The outside world knows how much money AOL has been burning in recent years. Starting from this company, it will be very legitimate to minimize the rebound of the capital market.

Moreover, all bond issuance plans in the second half of the year will be mainly aimed at overseas investors, which is also to avoid unpredictable impact on the domestic capital market of the United States as far as possible.

After AOL, Verizon Telecom was listed and suspended in August.

Next.

In September, Cisco paid $2 billion.

October, close to the presidential election, suspended.

In November, after the U.S. election, Nokia, tincobail and Johnston held shares, with each holding $1 billion.

In December, westero's headquarters received $2 billion.

The entire bond issuance plan, totaling $10 billion.

The main purpose of such decentralized execution is to reduce the disturbance of westrow bond issuance to the US stock market.

In fact, for those who have a little financial knowledge, the continuous large-scale reduction of westrow's holdings in the first half of the year has obviously told some people that it's time to stop and the crisis is coming. However, many things in this world are just like this. Most people understand the truth, but few of them can make decisions rationally.

”I'm afraid when others are greedy, and I'm greedy when others are afraid,” as Warren Buffett put it, is no more simple than the true meaning of the risks in the capital market. Unfortunately, there are always people who want to make more money, who think they can escape at the critical moment, and who think they won't be so unlucky.

The results are predictable.

Therefore, most frogs don't want to escape as long as they don't pour boiling water directly. Westrow's phased bond issuance plan is another form of boiling frogs in warm water, which Simon likes to see.

as long as the bubble is not broken because of the financing of the vistle system.This pot is too big.

At the end of the day's work, the evening was a family dinner for the rabolds, and Robert Eggers, who had also returned from the west coast, were invited.

The next day was Tuesday, June 11.

Of course, it's not a one-day plan to issue tens of billions of dollars of bonds. It's just that James rebord will be responsible for the follow-up.

Simon didn't have time either.

Tuesday was mainly spent on Denise's entertainment TV business on the east coast.

It's summer vacation, the off-season of TV industry, and the TV promotion season in May has ended. At present, major TV stations are mainly preparing for the autumn season, launching various pilot sets to observe the market feedback.

In fact, danielis entertainment is still digesting and integrating the metropolitan ABC Group, which was annexed last year, so even in the off-season, it does not dare to relax. What's more, next month is the Olympic Games. Even if it fails to get the right to broadcast the Olympic Games, its TV stations still have a lot of relevant content to follow up.

There is also a very important one.

ESPN has been negotiating to buy out the rights to broadcast NFL matches.

This matter began when Denise entertainment won the metropolitan ABC last year. Until now, the negotiation has lasted for more than half a year. The main reason is that both sides are not in a hurry and have been slowly grinding away. Because the existing broadcasting contract will not expire until next year, that is, the Super Bowl final at the beginning of each year. This is the end of a football league season, so it is useless to even talk about it last year .

However, no matter how much bickering, there will be results.

At present, several core terms involved are basically finalized.

Eight years, nine billion dollars.