NKLA - Global Water: I'm Still Bullish Even At A Much Higher Valuation On Positive M&A Feedback Loop
- Global Water Resources has advanced sharply since November, and is up 50% recently.
- This raises some valuation concerns.
- However, I remain bullish despite the higher share price.
- The company relies on M&A extensively, and thus the higher share price has created a positive feedback loop.
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Global Water: I'm Still Bullish, Even At A Much Higher Valuation, On Positive M&A Feedback Loop