STREET DOGS: Spacs escape regulator scrutiny to lead investors up the garden path
Acquisition companies symbolise many of the problems of expensive S&P 500
16 March 2021 - 17:09
From Basil F Alsikafi at White Brook Capital:
The S&P 500 is now expensive, with valuations for many companies driven by hope. Special purpose acquisition companies (Spacs) are emblematic of many of the problems...