RE:RE:RE:$325 million in long term debt Agree 100% with your below assessment. Way too many assumptions are made on the business model and too much is based on CRH being the cashflow GOD that can finance WELL. A basic look at the CRH stock behaviour prior to WELL's takeover could be a sign that market didn't think much or CRH or at least the risks were not worth the reward. It's also worth mentioning that the very same people here who are ok with most recent financing were saying " absolutely no dillution or further financing " and were talking about " share buyback ".
....The comparison to HIRE is apt because both have the same capital allocation business model. HIRE is a lesson in what can go wrong, and whether this board likes it or not, the WELL CEO was instrumental in setting the strategy there. So the strategy has risks.