As soon as this plan came out, small and medium shareholders immediately fried the pot, thinking that Gree had harmed their interests, and the reaction focused on Gree's share price. Since the promulgation of the plan, Gree's share price has been falling all the way.
Perhaps because of the stock price, Gree adjusted the arrangement of the second repurchase plan and changed the purpose of the second repurchase of shares to cancellation to reduce the registered capital. In a sense, this is good for the interests of shareholders. Repurchase cancellation can improve earnings per share, directly improve shareholders' investment income, and enhance the confidence of small and medium investors in Gree. Therefore, Gree's share price has rebounded to some extent.
So under the current circumstances, is Gree worth starting over? For me, Gree is an excellent enterprise and a stock worth holding for a long time. But at present, my personal thought is that Gree will not change coaches, and I will not buy them. Here I'll explain it to you with two examples. I hope you can understand my basic logic. After all, I can't say that I still have the desire to survive.
The first example is the story of Su Shi and Zhang Dun. Su Shi is familiar to everyone, a great writer; Zhang Dun used to be an official of the Prime Minister, and they had a good relationship when they were young. On one occasion, two young artists went to visit the mountains and rivers, and when they walked, they met a cliff, opposite which was a beautiful scenery, with only a narrow wooden bridge in the middle. Without skilled Orion, they could never have crossed it. At this time, Su Shi said, it's too dangerous. Let's go back. Zhang Dun didn't agree. He picked up a cane man and swung directly from the cliff. Then he wrote the story of Su Shi and Zhang Dun's trip on the opposite stone. Zhang Dun thought that Su Shi would praise him, but Su Shi said, "You will kill people in the future. If you don't even value your own life, how can you value other people's lives? " "Later, Zhang Dun was included in the treacherous court official biography in the history of the Song Dynasty. So this story tells us a truth, if a person doesn't value his own interests, then you can't think that he can think of you.
The second example is a modern example. For example, a couple who once loved each other very much want to break up, and one side asks the other side for a breakup fee. At this time, the other party must give this breakup fee. Because, when one party can ask for a breakup fee, it must be well thought out and put down all the face. At this time, if you don't give the breakup fee, the follow-up things will get out of control, which will generally be ugly and both sides will be greatly hurt.
Therefore, after listening to these two stories, you should also understand that I personally don't recommend starting with the basic logic of Gree now, but this does not prevent Gree from being a very excellent enterprise. You should carefully consider how to choose in the future.