Principles of Finance: Unit 8, Meeting Kurtz

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.

CoursesFinance Concepts
Principles of Finance
FinanceFinancial Responsibility
Personal Finance
Finance and EconomicsPrinciples of Finance
LanguageEnglish Language
Life SkillsPersonal Finance
SubjectsFinance and Economics

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