BNB babcock & brown limited

chance of a bottom here, page-2

  1. 1 Posts.
    BNB loans will be reassessed by banks at 2 or 2.5bil market cap.

    That equates to something like 7-8 dollars i think.

    This looks alot like an allco all over again. Albeit management at BNB is much smarter and company _seems_ better positioned.

    Last 12 months have shown a company is only worth as much as the market wants it to be worth....and highly leveraged companies are easy targets for the hedge funds to bring down.

    I wouldnt be buying right now because the market has lost faith in BNB business model and management and until its satalite funds start performing BNB wont.
 
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Currently unlisted public company.

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