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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.
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
Full Transcript
- 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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GED Social Studies 1.1 Civics and Government
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