I got involved post the sell off after the acquisition was announced. I hear pushback from others on the buyside about the lack of organic drivers, difficulty in pinning accretion, optically expensive prices paid, and concerns about growth rates.
If you step back from that I agree that this is a clearly advantaged business with long term tailwinds. Moreover, Jeff has knack for pulling really attractive economics out of hat and has turned around deals that were heading south. For me, this is a business that as you look farther and farther out the potential IRR spreads between a base and upside scenario become increasingly attractive with comparatively little impairment risk.
Looking forward to hearing what you have to say on this one in a few years.
I got involved post the sell off after the acquisition was announced. I hear pushback from others on the buyside about the lack of organic drivers, difficulty in pinning accretion, optically expensive prices paid, and concerns about growth rates.
If you step back from that I agree that this is a clearly advantaged business with long term tailwinds. Moreover, Jeff has knack for pulling really attractive economics out of hat and has turned around deals that were heading south. For me, this is a business that as you look farther and farther out the potential IRR spreads between a base and upside scenario become increasingly attractive with comparatively little impairment risk.
Looking forward to hearing what you have to say on this one in a few years.
Great points, Ulyduck. Thanks for commenting!
Stellar work.
🙏