unless they're having trouble getting funding w/o loans, this shouldn't matter: http://www.investopedia.com/terms/m/modigliani-millertheorem.asp http://www.inv

unless they're having trouble getting funding w/o loans, this shouldn't matter: http://www.investopedia.com/terms/m/modigliani-millertheorem.asp http://www.investopedia.com/terms/m/modigliani-millertheorem... TLDR: market value is based on earnings power and independent on cost of capital. i don't think the risk of underlying assets change much in this case