Chapter 127: Investments and Money
Chapter 125
It was September 16th, just five days after the attack that had shaken the entire world. The atmosphere everywhere was still heavy. And yet, life kept moving.
We were having a secret meeting at Pepper's house—me, Pepper, Anthony, and Harvey Spencer.
I looked at Anthony and said, "Anthony, you can start with our financial breakdown of JD Company."
He nodded and started to speak. "We have a total of 720 million in own cash and investments, composed of 300 million in cash and 420 million in stocks.
These 720 million already account for the profits from the movies Paranormal Activity, My Big Fat Greek Wedding, and part of Brokeback Mountain. The films contributed 320 million, while the other 400 million came from the initial cash and the insane profitability generated by it and the movies once the money started coming in."
Yeah, it is like printing money. We profited a lot from the movies, and we reinvested that profit into stocks, generating even more money.
Anthony continued, " This doesn't include the money from our short position in Enron. We currently hold 20 million Enron shares short, with an average price of 70 dollars, 2,5% of Enron's total shares. At current prices (32.76), closing the position would cost us around 660 million dollars—meaning we're sitting on a profit of 740 million dollars before taxes."
We used leverage at the start, so that explains the amazing profit.
"Why do we even make movies..." Pepper murmured, having a little existential crisis