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Principles of Finance: Unit 8, Meeting Kurtz 3 Views


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Description:

The BladeRunnerNanoDrone saga continues. It's time to meet Kurtz, the company's CFO. He's a hard nut to crack, so hopefully you brought your... nutcracker.

Language:
English Language

Transcript

00:00

Principles of finance ah la shmoop meeting kurt's When you

00:05

go to the horse track you bet on the rider

00:07

not the horse right Or maybe better said when you

00:10

go to a nascar you bet on the driver not

00:13

the car Right Well management is quote everything unquote And

00:18

you have so many questions for the folks running brnd

00:22

that you barely know where to start How'd these people

00:25

get so off track Like how do they feel about

00:28

their billion dollar market cap and five hundred fifty million

00:31

dollars equity cab Why didn't they buy back their own

00:34

stock Why does wall street hate them so much that

00:37

they're trading and you know such a low multiple here

00:40

you mutter and cogitate is you prep for your meeting

00:42

with a guy you are they or somebody is nicknamed

00:46

kurt's right Will you imagine loading a nine millimeter glock

00:50

and shoving it in the back your pants taking a

00:52

boat one hundred miles of the inchon river fighting hordes

00:55

of mosquitoes and socialists and eventually finding a long dark

00:58

dank cave where he's hiding out mumbling about hacked off

01:02

arms and you know the horror The horror that but

01:05

it was nothing like that In fact a very being

01:08

countering looking guy was just sitting in a fluorescent lit

01:10

office with a view of the parking lot and the

01:13

dialogue goes something like So what is this company What

01:17

is its mission Well we make drones okay Can i

01:20

ask about the vision Like what do you want to

01:22

become when you grow up or have you already grown

01:25

up We are and we haven't were an extension of

01:28

the fun side of your brain and we make the

01:31

world smaller and the dialogue kind of runs on and

01:33

on like that platitudes he's clearly pushing you off finding

01:37

you more annoying than anything else you try to dig

01:40

in hoping to get beyond the wall street restatements of

01:43

things they've already put in the press that have been

01:45

synthesized by eighteen lawyers and to get a sense of

01:48

what he actually wants in life you know that you

01:50

can't be hostile here Sure he doesn't own the majority

01:54

of the shares or the voting power but he has

01:56

a captive board of friends who do vote in any

01:59

conflict you know they'd vote or side with him not

02:03

you can't just have a lawyer send a nasty gram

02:06

and a check for sixty bucks to share and say

02:08

hey you're mine now there will be no hostile takeover

02:12

here on ly friendly more of an embryo than an

02:14

lbo You run through your quick laundry list of basic

02:18

questions highly conscious of the ninety minutes audience that you've

02:21

been granted you feel kurtz is reading you wondering who

02:25

on earth this snotty kid is and wondering how much

02:28

money you are overpaid to do this silly job with

02:32

tiny toy mini drones flying all around the room As

02:35

you talk you wonder the same thing about him Finally

02:38

you give up trying to be political and you ask

02:40

so why is your stock under fifty bucks less Demand

02:45

then supply for over fifty now you can't help laugh

02:48

ice equals broken Do you like being public No then

02:52

bluntly after a very long purposely awkward pause to convey

02:56

the notion that you are damned serious you ask you

02:59

want to be private and then he just stares at

03:01

you You can't tell if you're being x ray visioned

03:04

see that or about to be tossed out by security

03:07

Or maybe just maybe You found his soft spot and 00:03:10.94 --> [endTime] you've gotten through to him

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