QXO Shares Fall After Stock Offering. Why Wall Street Is Unanimously Upbeat.

Core Viewpoint - QXO, led by billionaire entrepreneur Brad Jacobs, is moving towards another acquisition in the fragmented building supplies industry, but investor sentiment regarding its M&A strategy is negative [1] Group 1: Company Strategy - QXO is focused on rolling up the highly fragmented building supplies business [1] - The company is in the process of building up its M&A war chest for future acquisitions [1] Group 2: Investor Sentiment - Investors do not seem pleased with how QXO is accumulating resources for mergers and acquisitions [1]