How anyone could disagree with that logic baffles me.
When I first became aware of RWL and saw their list of acquisitions I was a little disturbed that they were actually privately held. Frankly, I was a little put off that a single entitity was treating waste water and selling it back to the public for profit and growing fat from the exercise. I always thought, since the liaison was announced, that RWL would become a key shareholder and that this would give the public, through shareholding of EMC, some access to RWL's revenue.
The merger is as good as it gets - RWL gets its listing and the whole will be greater than the sum of its parts.
One thing though - "fluence" is such a crap name. Surely the marketing gurus could have come up with something better than that? At least EMC had a faintly mathematical quality to it.
Maybe it's code (or is that coda (?) - "the concluding passage of a piece or movement") for a latterday theory of relativity? Effluence=Affluence !
I suppose its better than Soylent Brown.
FLC Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
