Keith...
I suppose there are a number of reasons to assume that one party in a joint venture might not have as much a return in a venture. One reason would be how much each party has at stake in the venture. The Press Release states that Homeland is putting up the cash for teh joint venture: "In connection with the joint venture, Homeland has also agreed to make an equity investment in the joint venture which will provide capital for development as well as proceeds to Laidlaw in consideration for the contribution of several of Laidlaw’s development projects to the portfolio of HLE" My guess is that if you put up the cash yo get ore of the return. But I'm just guessing and I think maybe we all are just guessing, because we really don;t know. Or maybe somebody does know. That was my question. I held an Israeli drug stock PLX. They went into a joint venture with Pfizer, which turned out to be a 70/30 split and the stock tanked. Thankfully I got out ahead, but it fell like a brick. There is absolutley no reason -unless we know otherwise- that a joint venture is a 50/50 split. Maybe no reason to believe the other way eithr, but LLEg has been surprising (in a bad way) on a lot of fronts lately.
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