RE:Finally, a FEC not mandatory Press Release (LoL)Why do these guys even need public equity markets for equity financing or banks for debt financing? According to the BIS (Bank for International Settlements) where all central banks settle their accounts it said that so-called NBFI (non-bank financial institutions) are quickly replacing traditional banks and public equity markets as sources of financing. NBFI's include private equity, hedge funds etc. I guess that BlackRock, Bridgewater are good examples. And no, I don't know enough to understand much in the BIS Quaterly Reviews but I get the gist of the summaries.
Anyway, if the market is pricing in what it thinks is fair value. Does that mean that the current sp reflects what a BlackRock would pay for fec?