BBI have a pretty clean balance sheet, quality assets and quite conservative debt levels. The banks are comfortable. Either I'm missing something here, or this is a steal at 25c.
Break up value with an orderly sale timeframe returns about $1.40 per stapled security net of debt.
Let the parent (BNB) go to the wall. It might just unlock the true value of BBI.
director buying, page-7
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