Reverse Mergers Can Fast-Forward Profits
A recent column painted reverse mergers with a broad, negative brush. Reverse mortgages offer a compelling way for young companies to come public. They are faster and more cost-effective than traditional, banker-backed IPOs. This Sunday's New York Times had an interesting article by Kurt Eichenwald on the topic of reverse mergers, but I have to take issue with his view. A reverse merger is a way of taking a company public that skirts the Goldman Sachses (GS:NYSE) and Morgan Stanleys (MWD:NYSE) of the world. And, consistent with my articles on PIPEs, Dutch auctions, and SPACs, I am always in favor…