Enron was once one of the largest energy, commodity and service companies in the world. Between 1997 and 2000, it was listed on Fortune's "Top 500 American Enterprises" list many times, and it is ranked among the top.

At its highest time, it was once ranked seventh in the top 500 American companies, with a market value of nearly 100 billion US dollars, making it a true energy giant company.

Since its establishment, it has always been the pride of Houston, the fourth largest city in the United States!

Including the entire state of Texas, there are countless employees working for Enron!

However......

"There are unexpected changes in the sky, and people have good fortune and good fortune at any time."

Since the beginning of 2001, due to the influence of the international environment, Enron's stock price has shown a downward trend and has been declining.

By August 2001, its share price was only US$42 per single share;

You should know that a few months ago, Enron's stock price was US$80 per single share;

The stock price has declined very seriously.

At this moment when Enron is facing a serious crisis, Jim Cheos, a senior Wall Street investor, stood up again and gave Enron a huge blow!

Jim Cheos said: "As early in 2001, I publicly expressed doubts about Enron's profit model."

"Although Enron's business looks brilliant,... in fact, it can't make much money, and no one can tell how Enron makes money. According to my long-term analysis data, Enron's profit rate was 5% in 2000, and by the beginning of 2001, it dropped below 2%. For investors, the return on investment was only about 7%.

"The market value of nearly 100 billion US dollars is that?"

"Just this performance, it does not match the A-level credit rating given by S&P!"

Of course, his words were despised by many people at the beginning of 2001, and even ridiculed him in person, thinking that Cheos was just a sensational clown.

However, the decline in Anron's stock price proves Cheos's statement.

In August 2001, the form of Anran was so serious...

So, what about now a few months later?

.........

"Damn Anron!"

"They should go to hell and be taken away by Satan!"

"S&P, Moody's Investor Services and Fitch International Credit Ratings, known as the world's three major credit rating agencies, are they...just that performance?"

"A-level credit rating represents a strong ability to repay debts, but is slightly susceptible to adverse factors of changes in external environment and economic conditions. It is second only to Aa and Aaa credit ratings. But now? Enron is about to go bankrupt, and there is a big deal of repayment ability!"

"Enron? Didn't you say that the city of Houston and the state of Texas will support Enron?"

"Where are you dead now?"

Countless individuals and businesses holding Enron’s stocks and investment bonds are now... going crazy!

Why?

The current situation is already on the edge of a cliff.

In mid-October 2001, Enron released its third quarter financial statements for 2001, announcing that the company's losses totaled US$618 million, or US$11 per share. At the same time, it revealed for the first time that the company's shareholder assets shrank by US$1.2 billion due to improper operations of Chief Financial Officer Andrew Fasto and the Partnership Company;

In early November 2001, Enron mortgaged part of the company's assets and obtained j.

P Morgan and Solomon Smith Barney’s $1 billion line of credit guarantee.

However, Merrill Lynch and S&P still lowered their ratings for Enron again.

Enron used to have a credit rating of A.

To this day...it's only level B!

All the way, it has been reduced from a level a credit rating to a level a, bbb level, bb level, including () and (-), and now it is only b level.

The B-level of the S&P Index represents the safety of the enterprise, and its default possibility is high. The issuer is still able to repay debts, but the unfavorable commercial, financial and economic conditions may weaken the issuer's ability and willingness to repay debts.

The most direct reflection of Enron's credit rating was lowered by Merrill Lynch and S&P, the stock price fell sharply.

——$15!

That's right, today, Anron's stock price is only US$15 per single stock.

Compared with the $80/single stock at the beginning of the year and $42/single stock at the beginning of August, it is much lower again.

Countless investors are about to get mad.

You said, if you also hold Enron's stocks and investment bonds, and you will be in tears as Enron's stock price falls all the way?

There are even many people who are facing bankruptcy crisis!

Because these were too greedy, they firmly believed that Anran could survive the crisis, but now the iron-like fact gave them a loud slap.

.........

Dafeng Capital (Los Angeles) branch.

At this moment, Zhu Ke, the largest shareholder and chairman of Dafeng Capital, visited Dafeng Capital (Los Angeles) branch in person.

The branch president Sius Tarrell said: "Boss, thanks to your forward-looking vision, we have been in the layout for a long time. Since November, our Dafeng Capital has made a lot of money from Anran."

“Is there any specific data?”

Zhuke asked.

Upon hearing this, the branch president Tarrell nodded quickly, "Yes, I'll give it to you right away."

Soon, a detailed report data was submitted to Zhuke.

——US$1.6 billion!

That’s right, so far, Dafeng Capital has successfully earned $1.6 billion from energy giant Anron!

Don't think it's too little ~

You should know that not only those who participated in this division feast were Dafeng Capital under Zhuke’s name, but hundreds of investment banks on Wall Street were more or less involved, including the five major investment banks on Wall Street.

"Not bad, not bad, not bad!"

Zhuke is extremely satisfied with the current profit data.

Since April this year, Dafeng Capital under Zhuke's name has begun to deploy and investigate Anran, using a lot of funds and using many means to seize food from the five major investment banks on Wall Street!

Ding Ding Ding ~

At this moment, a phone call came over.

Caller - Dafeng Capital ceo Anti Chelop!

"Boss, big news!"

"We just learned that the work of the special investigation team has made progress again..."

"The spokesperson for Enron's external department admitted that the company made fake accounts and the false reporting of the figures was jaw-dropping! Since 1997, Enron's false reporting of profits reached 600 million US dollars."

Anti Chelop was very excited and eager to inform Juke of the news.

For a moment, Zucker and the branch president Tarrell were also extremely excited.

“yes!”

Tarrell waved his fist fiercely and said excitedly: "Just like this data given by the special investigation team, we will be able to account for at least hundreds of millions of dollars again in the next few days!"

Zhu Ke suppressed his excitement and said, "An Ran is almost over, the real feast of division is here!"

you do not say!

As the special investigation team continues to disclose one fact after another, the situation is becoming increasingly unfavorable to Enron, but for investment banks such as Dafeng Capital, that is definitely great news.

Who doesn’t want to make money?!

"Is the profit from false reports only $600 million?"

"I don't believe it~"

Zucker said confidently: "I believe in the real data, which is definitely far more than $600 million!"

At that moment, Zhuke stood up, walked to the huge floor-to-ceiling window, and looked into the distance.

I feel very comfortable.

As a time traveler, Zhuke knows Enron better than many people, including the so-called financial experts.

Enron's stock price is now $15 per single stock...

However, Zhuke knew that at the end of November, Enron's stock price fell to $0.26, and its market value fell from nearly $100 billion at its peak to $200 million.

This sharing feast is coming!
Chapter completed!