Emeco Holdings Acquisition, page-2

Thanks Hugh, these posts keep coming in my watchlist so good to see the note you picked up on as this stock just continues to intrigue. The price at the moment is just mad. In theory makes sense but the key challenge I would think is the price ? CIMiC is already in the space and why buy $340-450m of equipment for $950m ($500 market cap plus $450m debt)? Equipment is not in surplus like it was but you can still buy it. Wouldn't you just buy $450m of new equipment and then rent cheap for next two years, cost less and kill Emeco anyway therefore end up with the market ? But maybe there is some sort of deal where Emeco manage their equipment ? Keep watching .. has to be entertaining at some point ! Wish I wasn't so critical on fundamentals though could have rode this froth bubble this last month or two and picked up 50% !!!