America's Road To Wealth Chapter 131

  Chapter 131 The confrontation with the former richest man on the West Coast

   There is a gambling king in Haojiang.

   Gambling is also legal in Las Vegas in the United States.

  Therefore, in the United States, like Hao Jiang, there have also been gambling kings.

  Among the richest living in America.

   Can get this title, none other than Kirk Kerkorian.

   At the peak of Kirk Kerkorian, he was in charge of nearly half of Las Vegas' gambling revenue alone.

  At the same time, he sold the MGM film company twice and acquired the MGM film company three times, and he owns the Westside Casino and the MGM Grand Hotel.

  He is known as the "designer" of Las Vegas. Las Vegas has the current fame, and Kirk Kerkorian contributed at least half of it.

  Before the Internet giants came along.

  Kirk Kerkorian has long been the richest man on the west coast of the United States and the former richest man in Los Angeles.

last night,

  When Charlize Theron went to the hospital for a physical examination.

  Abel is in the executive corridor of the Hilton Hotel.

   Just met this veteran rich man.

  The reason why the two met was that Abel wanted to acquire the MGM film company controlled by Kirk Kerkorian.

   As one of the eight major Hollywood.

  MGM Films reached its peak in the hands of Kirk Kerkorian.

same,

   It's also in Kirk Kerkorian's hands, and it's what it looks like now.

   Among the eight major Hollywood companies, MGM is the only company that loses money every year.

  I held this company in my hands again for four years, and after another four years of serious losses.

   Plus some personal business needs.

   Kirk Kerkorian, had the idea of ​​selling it again for cash.

  At this time, Abel came to the door.

   It happened that Kirk Kerkorian was nearby, so he ran over himself.

   Two people met.

  Kirk Kerkorian wants to sell, Abel wants to buy.

  The deal between the two should have gone smoothly.

  The reason why the deal was not settled last night was that the two of them did not agree on the price.

  Kirk Kerkorian insisted on selling MGM Movies for $6 or $10 per share.

  Abel disagrees.

   He insisted that with MGM's current situation.

  The price of the two plans is at most 3-6 dollars per share.

  The total share capital of MGM Films is about 245.83 million.

  If a share is 6 yuan, the total value is about 1.475 billion US dollars.

year 1996,

   When Kirk Kerkorian bought the company for the third time, he spent $1.3 billion.

  If it is sold for $1.475 billion, Kerkorian will still make money at this price.

  In fact, as early as 1986-1990, Kirk Kerkorian did a similar thing once.

   In 1986, he bought MGM for the second time for $1.45 billion.

   In 1990, MGM was sold for $1.3 billion.

   Lost 150 million.

   This time it was changed to earn 175 million US dollars. Although the earning was small, Kerkorian was naturally happy.

  But the two sides finally had a problem with who should bear MGM's debts.

  Since MGM entered the 1990s, it has basically not made much money.

  After years of losses, foreign debts have reached a very serious level.

  Kirk Kerkorian said that if Abel is only willing to pay $6, he will not be responsible for any foreign debts.

  If Aberken pays $10, he will bear half of MGM's foreign debt.

   Calculate it, follow this plan.

  Kirk Kerkorian still made almost 100 to 200 million U.S. dollars, and successfully sold this loss-making mess of the Hollywood Big Eight.

  Abel naturally did not agree so easily.

  He offered six dollars and would not accept any foreign debt.

   Or three dollars a share, and assume all foreign debts.

   Two people have a serious conflict on this.

  The price was not negotiated in the end, so we had to break up last night.

   Unexpectedly, today, Kirk Kerkorian came to the hotel again very early.

   Only then did Abel get up and go downstairs to continue meeting the old rich man.

   After Abel finished talking about this, Charlize Theron who accompanied him took the elevator downstairs.

   Finally confirmed that the information she searched on the computer last night was true.

   The Kerkorian that Abel wants to meet is really the boss of MGM, that Kirk Kerkorian.

   "Is MGM Films heavily indebted?"

  Although he is an insider in Hollywood, Charlize Theron is only a second-tier star in the industry.

   In the eyes of Charlize Theron, MGM is like a behemoth.

  She really didn't know that this giant would be in such a bad situation.

  In the elevator,

  Last night, her evening dress had been torn and she couldn't wear it.

  At the moment, Charlize Theron is wearing a women's casual outfit sent by Abel.

  Looks generous and decent, beautiful and **** at the same time very young. .

   Well, she is still young.

  Charlize Theron, born in 1975, just turned 25 this year.

  With proper maintenance and natural beauty, she looks younger than an ordinary 25-year-old wild horse.

   "Very serious. MGM is worth about 1.4-1.5 billion dollars now. But its foreign debt is almost close to 2 billion dollars."

  In the elevator, Abel put one hand on her waist, and reached into the hem of her clothes to caress her delicate skin.

  Abel made a few gestures with his other hand, "The money owed is more than the company itself is worth. This makes the cost of taking over MGM more than three billion U.S. dollars."

   "In the entire United States, there are not many people who are willing to take over and can take over such a company."

  Feeling the raging of someone's big hand on his skin.

  Charlize felt itchy, and somewhat ambiguous.

  These numbers she heard from Abel.

   It made her speechless.

  Good guy, it's a business worth more than a billion dollars, or more than three billion dollars.

  It made her feel that she signed the contract with Abel this time.

   It seems to be signed correctly.

   Soon, the two came to the executive corridor of this Hilton Hotel.

  Kirk Kerkorian is eighty-three years old this year, but still in good spirits.

   is waiting for Abel.

  After seeing Abel reappearing today, with a gorgeous girl like Charlize Theron beside her.

   The old guy gave Abel a man who knows how to look.

  Then the old man who was in the investment world in the 1980s and was once comparable to Buffett said:

   "Oh~ it's nice to be young. When I first bought MGM, it was the same as you are now, with a different beautiful female star every day."

   “It was 30 years ago, and I was in my fifties. It was a wonderful time.”

   "Later, when I felt powerless. I sold MGM."

   "Buying later is already pure investment and business."

  Kirk Kerkorian has a humorous and fun nature, and it seems that everyone in the gambling industry has a bit of this personality.

  Last night, Abel saw how old and disrespectful he was in speech.

  This guy who came from a poor background is fundamentally different from the top rich people Abel met before.

   Seeing him speak like this, Abel took a somewhat reserved Charlize and sat down opposite Kirk Kerkorian.

   "Mr. Kerkorian. When you were as young as me, you couldn't be accompanied by the top beauties in Hollywood like me."

  Abel said, "I'm only twenty years old now. When you were twenty, you seemed to be still learning how to fly a plane, right?"

  Kirk Kerkorian curled his lips and muttered:

   "The guy who doesn't know that young people should respect old people!"

  Because Abel is right, Kirk Kerkorian really started to make a fortune when he was around forty years old!

   "Okay." Abel said again, "Mr. Kerkorian. Let's put our topic on MGM."

   Speaking of business, Kirk Kerkorian also got serious.

  The old guy looked at Abel, smiled and said:

   "You were the one who came to me last night, and today I am the one who came to you. How about I be responsible for half of the foreign debt for $9?"

  $9 a share?

  Abe did a quick conversion and found that it was almost $2.21 billion.

  If you add half of the foreign debt, it will cost close to more than 3.2 billion US dollars.

   3.2 billion US dollars, becoming the host of one of Hollywood's top eight.

  He didn't think it was a bad business.

  The key is that the foreign debt of about 1 billion US dollars does not need to be repaid immediately.

  As long as the interest can be paid, the repayment period is not reached.

  MGM can always owe it, which is why it can borrow so much money.

   As for Kirk Kerkorian, if it is sold at this price.

   What Kirk Kerkorian can actually get is about $1.2 billion more.

in other words,

  This time, Kirk Kerkorian will lose about 100 million U.S. dollars in the MGM business.

last night,

  Abe later had the matter of selling MGM for $10 a share.

   Throw it to Smith Capital, and let the company's traders and analysts analyze whether this price is profitable.

  Analysts from the perspective of Wall Street generally believe that this is not a bad deal.

  MGM owns a large number of IP copyrights and movie libraries, which are worth more than one billion US dollars.

   At the same time it has many other fixed assets.

  Such as the company headquarters building, studio and various shooting tools and venues.

  It also has a strong film brand value, as well as a strong distribution capability of Hollywood's eight major levels.

  This is why it loses money every year, but it can always borrow money to continue to lose money.

  The reason why the debt ratio is already so exaggerated, but it can still continue to operate.

  This is still calculated from the perspective of Wall Street.

   If it is from the perspective of Hollywood, it will probably be more valuable.

  The price of ten dollars, Abel agreed in his heart last night.

   It's just that he still wants to make some decisions and wants to lower the purchase price.

   After all, it is a big business involving more than three billion US dollars, which is equivalent to a little less than half of his current net worth.

   It's just that Kirk Kerkorian is more anxious here.

  Kerkorian himself, took the initiative to lower the price.

   "9 dollars." Abel pretended to ponder, "That means I will pay almost 2.2 billion dollars. Will I have to bear foreign debts of about one billion dollars?"

  Kirk Kerkorian nodded.

  Charlize, who was sitting next to her, was more nervous than the two negotiating people at the moment.

  Where has she ever seen this kind of business negotiations worth billions or billions of dollars?

  Although she was just listening in at the moment, it made her feel extremely exciting.

  As if she herself participated in it, as if she herself became one of the members in this business negotiation.

   This made her look more dependent on Abel occasionally.

   "How about $8." Abel tried to lower the price one last time.

   "No." Kirk Kerkorian immediately refused, "The minimum is $9. This is my last sincerity and my bottom line."

  Kirk Kerkorian also wanted to say that if he hadn't been in urgent need of a lot of cash recently.

  And Abel said last night that he could pay in cash.

   Kirk Kerkorian won't be running today.

   Nearly half a year.

  Kirk Kerkorian is repeating a business venture he made with Chrysler and Mercedes-Benz in the early and mid-90s.

  In the plan a few years ago, he made a profit of 2.7 billion US dollars in the whole process.

  Although it took almost 6 years, that was already the most he earned in a single investment.

  This time he saw an opportunity.

  He wants to replicate the investment in Chrysler and Mercedes-Benz in the General Motors Group.

  The plan is already halfway through.

  Kerkorian acquired a large number of General Motors shares in the primary and secondary markets.

   Halfway through the plan, he suddenly discovered that there were many random players on the way to the acquisition.

  Kirk Kerkorian found that many people on Wall Street were staring at him vaguely.

   This made Kirk Kerkorian realize that after his last investment.

  Wall Street is very sensitive, this time someone on Wall Street also wants to drink some soup with him.

  Kirk Kerkorian must ensure that his cash flow is stronger in order to avoid being robbed and harassed halfway.

   Kirk Kerkorian, who refused to admit defeat, began to raise a lot of cash.

  Due to special circumstances, he dared not reach out to banks or financial groups.

   Because these guys are likely to lend him money with one hand, and try to grab his money with the other hand.

   Don't overestimate the conduct of Wall Street, or it should be said that there is no such thing as conduct on Wall Street.

  Kirk Kerkorian moved his idea to his own property.

   Among them, MGM, which is losing money every year, but is still very popular in the market, has become his first target for sale.

   A few months ago, he had been rumored to be selling MGM movies.

  Many people came to inquire, but when they heard that the Kirk Cokery Security Department wanted cash.

  Basically they shook their heads and ran away.

  There are more than two billion U.S. dollars in cash, not many people can take it out.

   What's more, MGM still has terrible foreign debts.

at this time,

   Abel, who came to Los Angeles, heard the news.

   Abel, who was a little moved, came to find him.

   And Kirk Kerkorian learned about it through certain channels.

  The cash flow of the young rich man in front of him can be regarded as the strongest among the few people in the United States.

last night,

  Abel also said on the spot that all payments can be made in cash.

   This is what Kerkorian cares most about.

   It's just that the follow-up price cannot be negotiated.

  After Abel went back, he asked Smith Capital to analyze whether the deal was worthwhile.

  Kirk Kerkorian hasn't been idle since he went back, and he also looked for some sources.

  In these sources, he reconfirmed Abel's ability to pay in cash.

  That's why today Kirk Kerkorian came to Abel again on his own initiative.

  Simply put, Kirk Kerkorian is willing to lose one or two hundred million dollars and sell MGM.

   But he needs cash, and this transaction must be all in cash.

   to support his investment in General Motors.

  It's just that no matter how low the price is, the loss will be more.

   Kirk Kerkorian is not willing.

  The old guy bit nine dollars to death and didn't let go.

  Abel could also see that his attitude was firm.

  9 dollars a share, less than the estimated cost of 10 dollars, 240 million dollars less.

  Psychologically, Abel is no longer against this price.

  He pretended to ponder for a few more minutes, under the watchful gaze of Kirk Kerkorian.

  Amidst Charlize's somewhat suppressed breathing.

  Abel smiled suddenly, stood up and stretched out his hand to Kirk Kerkorian who was opposite him.

   "Good cooperation, Mr. Kerkorian. Congratulations, you have more bullets, and the chances of making a fortune in another market are even greater!"

  Abel's previous words made Kirk Kerkorian laugh.

  The following words made Kirk Kerkorian startled.

  Kirk Kerkorian stood up and shook hands with Abel, and said with a wry smile:

   "It seems that on the east coast, many people know what I have to do?"

  Even the young man Abel knew about it, and Kirk Kerkorian didn't doubt his own judgment.

   After shaking hands and letting go, Abel smiled and said:

   “Mainly Mr. Kerkorian, your investment in Mercedes-Dayham and Chrysler was too successful. That's what makes it so compelling.”

  Don't forget that Abel is also a Wall Streeter now, and a figure in the core area.

   To some extent, he is watched and even valued by the giants.

   Can also be regarded as one of the giants of Hollywood.

  Wall Street, there are few secrets that can be hidden from him.

   Unless he's not interested.

   Or maybe it's about him.

  Last night, when communicating with David and Smith Capital.

  He learned about Kirk Kerkorian through David.

  He has a better understanding of Kirk Kerkorian's situation now.

   But what Abel didn't know was that this time Kirk Kerkorian's deal.

  In parallel time and space, those who were harassed by Wall Street really didn't get all the credit.

   It's just that there is harassment.

  Kirk Kerkorian in the parallel time and space still made about $700 million on this investment.

   Then Kirk Kerkorian in the parallel time and space, in 2009, wanted to play again.

  After Chrysler, Mercedes-Benz, Daimler and General Motors.

  In parallel time and space in 2009, Kirk Kerkorian focused on Ford.

  This guy probably likes car companies very much, and has an indissoluble bond with them.

   As a result, Kirk Kerkorian completely failed the third time after the first two were profitable.

   Didn't make any money, and lost more than a billion dollars.

   Hunting geese all day long, but was finally pecked by geese.

   These are the things that Abel is not clear about.

   Now he just wants to get this historic movie in Kerkorian's hands!

   MGM Movies!

  Even if there is some storage and the price is high, he doesn't want to let it go.

   Mainly it was too sudden.

  Before he came to Los Angeles, he really didn't know that Kirk Kerkorian wanted to sell MGM.

   This time, David Jones got the news by accident when he arrived in Los Angeles after coming here.

   Then David told him about the boss, and Abel was very moved when he found out.

  He tried to contact Kirk Kerkorian.

   Unexpectedly, the latter also knew more or less about his work on Wall Street.

  There is contact last night.

   After the first contact last night, today's contact came.

   and Abel spent huge sums of money and is about to buy MGM.

  Compared to the previous clear purpose, Abel's acquisition this time.

   Really coincidence and whim.

   It's just this kind of coincidence, which is also very common in shopping malls.

  Business opportunities, they are lurking in any possible place.

  Businessmen who can find masters of them will naturally be able to make a fortune.

  (end of this chapter)

Chapter end