Vertiv: Plenty Of Operating Leverage
Vertiv(VRT) Seeking Alpha·2024-09-04 00:00
Dean Mouhtaropoulos/Getty Images News Introduction A SPAC (special purpose acquisition company) was touted as a quick road for companies to IPO and that were vetted by institutional investors. Unfortunately, the company founders and anchor investors had the incentive to "exaggerate" projections driving shares to unreasonable valuations and then selling out. The majority of SPACs have nearly disappeared, trading, with luck, down 90% from placement. Some have succeeded and Vertiv Holdings Co (NYSE:VRT) is one ...