RD I am a sort of person who likes to understand things. " I don't think so. 1) CoW needs cash for operations 2) There will be more acquisitions. ITUP's WM arm is just the beginning.!
The first point I regard as totally unconvincing. Of course it costs a bit to run a company. But I have recently seen numbers of all the cash Cow is expected to get. If I remember correctly it is more than a billion dollars. Cash for operations is peanuts in this relation. Cash will be needed to make acquisitions so that Cow is more than a shell with a lot of cash. My point is that I have not understood why ITUP is to be paid in stock whereas other acquisitions of assets are to be paid for in cash. If I could choose I guess I might go for half cash half stock. Stock is good if Cow is a great success ehen it comes to the stock price. Cash is the better alternative for us if Cow is not a success when it comes to the stock price.