"전설로 떠나는 월가의 영웅" 원서로 공부하기 75편

* 전설적인 펀드 매니저 피터 린치의 "전설로 떠나는 월가의 영웅" 원서를 통해 투자공부와 영어공부, 두 마리 토끼를 모두 잡기 위한 컨텐츠입니다.

* 원서 제목은 "One up on wall street" 입니다.

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이제부터는 12장 Getting the Facts입니다.

 

# (The first thing I ask, by the way, is: “When is the last time a fund manager
or an analyst visited here?” If the answer is “two years ago, I think,” then I’m
ecstatic. That was the case at Meridian Bank—22 years of up earnings, a great
record of raising dividends, and they’d forgotten what an analyst looked like.)

 

☞ ecstatic: extremely happy or pleased

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# Seek out the headquarters with the hope that if it’s not stuck behind a
bowling alley, then it will be located in some seedy neighborhood where financial
analysts wouldn’t want to be seen. The summer intern I sent to visit Pep Boys—
Manny, Moe, and Jack reported that the Philadelphia cab drivers didn’t want to
take him there. I was as impressed with that as almost anything else he found
out.

 

☞ Seek out : to find someone or something by looking for them in a determined way

Corbett resolved to seek out the truth.

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# At Crown, Cork, and Seal, I noticed that the president’s office had a scenic
view of the can lines, the floors were faded linoleum, and the office furniture was
shabbier than stuff I sat on in the Army. Now there’s a company with the right
priorities—and you know what’s happened to the stock? It’s gone up 280-fold in
the last thirty years. Rich earnings and a cheap headquarters is a great
combination.

 

☞ scenic : providing beautiful views of nature

a scenic cruise down the Nile

☞  shabbier :  of low quality

He blasted the lawyers for submitting such shabby paperwork.

a shop selling shabby goods

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# So what do you make of Uniroyal, perched on a Connecticut hillside like all
the fancy prep schools? I guessed it was a bad sign, and sure enough, the
company went downhill. Other bad signs include fine antique furniture, trompe
l’oeil drapes, and polished-walnut walls. I’ve seen it happen in many an office:
when they bring the rubber trees indoors, it’s time to fear for the earnings.

 

☞ perched : if you perch on something, or if you are perched on it, you sit on something that is narrow or small, and usually high, especially for a short time

Rob came over to perch on the corner of her desk.

Sophie was perched on the arm of the couch.

☞ prep school : in the US, a private school for children over the age of 11 that prepares them for college

 

☞ trompe l'oeil :

a painting that is cleverly designed to trick people into thinking that the objects represented in it are really there:

He is said to have painted a trompe l'oeil of grapes which was so realistic that birds tried to peck at them.

☞ drapes : curtains made of heavy cloth

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# INVESTOR RELATIONS IN PERSON
Visiting headquarters also gives you a chance to meet one or more of the
front-office representatives. Another way to meet one is to attend the annual
meetings, not so much for the formal sessions, but for the informal gatherings.
Depending on how serious you want to get about this, the annual meeting is
your best chance to develop useful contacts.

 

☞ not so much : used for saying that one thing or fact is true or important rather than another

It’s not so much Mandy I’m worried about, it’s you.

It was not so much that the work was difficult, but that it was so boring.

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# It doesn’t always happen this way, but occasionally I sense something about a
corporate representative that gives me a feeling about the company’s prospects.
When I went to see Tandon, a company I dismissed in the first place on account
of its being in the hot floppy-disk industry, I had an interesting encounter with
the investor relations man. He was as polite, well-scrubbed, and well-spoken as
any other investor relations person. However, when I looked him up in the
Tandon proxy statement (among other things, proxy statements tell you how
many shares are owned by the various corporate officers and directors, and how
much those people are paid), I discovered that between his Tandon stock options
and direct stock purchases, this man, who had not been with the company very
long, was worth about $20 million.

 

☞ in the first place : used for stating the most basic reason for something

There were several reasons he couldn’t sleep. In the first place, Peg snored.