America 1919

Chapter 531: 195. The Magician of Wall Street_4



Commercial radio is not just a barometer of public opinion; it can also become a colossal gold-sucking beast, with just the routine annual advertisement solicitation bringing in an advertising revenue of 17.58 million US Dollars for ABC.

This has never happened before in the media field!

Neither had anyone in the media industry ever even dreamed of it before Donnie Block demonstrated it to them.

Thus, Donnie Block triumphed over the giants, becoming the ultimate winner, and while we can't delve into how much benefit Donnie has gained from this battle, we can, through data analysis, know his earnings from the stock market alone.

As of yesterday's close at the NYSE, ABC's share price had already reached 73 cents per share, which was 3 cents higher than the experts' initial predictions, giving us even more confidence to predict ABC's stock price for today.

Economic expert Clement Miller predicts that ABC's opening price today will reach 80 cents per share, and by the closing, ABC's stock price will reach 1.3 US Dollars per share!

That means, disregarding the situation during the first two days when ABC went public, the opening price of 60 cents has already doubled, which means ABC's market value will exceed 100 million US Dollars, reaching 130 million US Dollars!

This will once again make history on Wall Street.

In this great battle, Donnie Block's repurchased shares of ABC exceeded 20 million, and even by calculating at a price of 60 cents per share, Donnie Block had already made 14 million US Dollars…"

After reading the content from the "Wall Street Journal", Donnie put the newspaper aside.

Donnie didn't feel much psychological impact from the "Wall Street Journal" report; in actuality, Donnie's earnings were definitely going to exceed 14 million US Dollars.

Firstly, Donnie believed that ABC's stock price was sure to continue rising, and these additional shares in Donnie's hands, he also believed, were definitely not going to be accepted by those companies for their interest.

That is to say, at that time, Donnie would be able to sell off his excess ABC shares without affecting ABC's stock price, and just this process would be enough to earn Donnie even more cash.

Of course, where there's income, there must also be expenses.

For Donnie, there were two main parts to the expenses in this revenue: firstly, taxes, but with the help of Kafe Jackson, the brilliant Columbia graduate, Donnie was able to do some tax planning to save a portion. The second was interest payments!

Donnie was able to successfully withstand the shorting attack by Rockefeller and others, and although many people attributed the key factor to ABC's advertising convention, if it wasn't for the 20 million in cash beforehand, ABC's share price would have collapsed long before the advertising convention was held.

Of these 20 million in cash, Donnie himself contributed 5 million US Dollars, and the remaining 15 million were loans from the United Kingdom and Canada.
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These two loans were high in amount, short in time, and even with Bruce operating in Canada and Gilbert in the United Kingdom, it wasn't easy to secure such a large amount of cash. It was done on the condition of paying a high interest to the opposing banks.

So after all these expenses are deducted, Donnie's earnings are roughly around 12 million US Dollars!

Of course, this amount of revenue was still substantial.

And this was also the foundation on which Donnie could, after ending the battle, negotiate and purchase the shares from the hands of Rockefeller and others!

At this moment, Helen also came out, wearing a simple floor-length nightgown, her short hair still dripping from a recent shower, exuding the charm of a beautiful woman.

"Why don't you rest a little longer?"

Donnie smiled and said to Helen, "I've already ordered breakfast from the hotel!"

Helen sat down next to Donnie and picked up the newspaper from the table, "There's nothing going on now!"

Donnie understood what Helen meant by nothing going on and smiled.

"The Wall Street Magician?"

Looking at the content of the newspaper, Helen smiled at Donnie, "I'm afraid this nickname is going to stick with you for a while!"

Donnie said indifferently, "It's just these people making a fuss. Once we leave here, and some time passes, probably no one will mention this matter again!"

Helen nodded, "When do you plan to launch the acquisition of Coca-Cola?"

Donnie spoke seriously, "First, let's wait for Morgan's response, but I think they won't reject the proposal. After getting Morgan's shares in Coca-Cola, I will have Jesse Livermore specifically handle the acquisition of the Coca-Cola Company's shares. However, we should not rush this matter, as the Woodruff family still holds significant influence in Georgia.

If we provoke their backlash, it can easily lead to a bigger battle. It's better to maintain the status as the second-largest shareholder of Coca-Cola Company and bide our time for future moves!"

Completing the acquisition all at once, while exciting in appearance, is actually more challenging. It's better not to rush into it.

"That's a good plan, but the growth of Coca-Cola Company is indeed very promising. Otherwise, Morgan wouldn't have listed it as a company with potential. If this drags on for too long, it could actually increase the cost of acquisition!"

Donnie nodded. He too had considered this, the acquisition of Coca-Cola shouldn't be too quick, nor too slow; too fast might cause agitation, too slow lacks sensation.

Therefore, Donnie's plan was to complete the acquisition of Coca-Cola before 1923, before young Robert Woodruff took over. Although Coca-Cola was developing at the time, the real acceleration would not come until young Robert Woodruff took charge.

"Finishing this acquisition within a year will suffice!"

"That's a nice timeline, but if you just want to be the largest shareholder of Coca-Cola without running it, and still want the Woodruff family to seriously manage Coca-Cola, then within this year, you'll need to interact more with the Woodruff family!"

"Of course, but that can also be postponed. I talked with young Rockefeller before, and analyzing from his words, there must be someone in Atlantic City providing our information to him. It seems it's time to settle matters in Atlantic City!"

Back then, young Rockefeller was sure that Donnie couldn't pull the profits from the bootlegging business, which made Donnie take this matter seriously. Without an insider, it was impossible for the other party to know the details so clearly.

"You mean Nucky?"

Helen also thought of who it could be!

The only person capable of providing the financial situation of the Surf Hotel to young Rockefeller in Atlantic City could only be Nucky!

Donnie nodded, "It's likely him. My development has been too fast in these last two years, making it difficult for Nucky to find an appropriate opportunity to act. This time, with young Rockefeller and others making a move, he must have seen some hope!"

Helen asked Donnie, "What do you plan to do with him?"


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