RE:RE:RE:RE:RE:RE:RE:RE:RE:More downward pressure...and the CEO of WELL is involved with HIRE...it's the same playbook in a different industry...
LarryBird wrote:
my point with regards to CRH was that WELL didnt buy it when it was a hot stock. WELL bought it at a 50% premium when it was sitting pretty much at a very low stock price for some time. So either CEO saw something that no one else in the entire market saw ( in terms of potential ) or it was a typical backfill as WELL was trading at almost 1 Billion MC with 20 Million revenue and zero profits before CRH. Im a firm believer of the market speaking and so far market doesnt seem to think much of the CRH or other acquisitions WELL has made. Perhaps the brilliant CEO can change this but as another person pointed out, the exact same model ( growth by acquisition) was performed in HIRE and that stock is a literally the worst performing stock out there only CBDT has done worse.