Green IPOs

IO: Companies that create or invest in green technology, which is very much in fashion, even they’re not immune?

GW: No. I don’t believe so because unless they’ve actually got a product that’s generating income as opposed to a good idea, then they’re susceptible to any changes in the market and certainly with the finance the way it is and the credit market, there are a lot of companies that aren’t going to be getting the support to go with that debt to develop their products and grow and that’s what people are buying. They’re buying growth.

via Business Spectator – Floating back to earth.

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