BNB babcock & brown limited

announcement just out , page-18

  1. 162 Posts.
    This price has been falling for months, now do you really think that they have no exposure(direct) to Lehmans that will spark a revival?? no offence but your dreaming. Actions speak louder than words and the smart money has been exiting and averaging down for weeks. The business relies on debt, do we need a lesson here on how debt works in these current climates??

    It was 30 bucks less than 12 months ago, now there is a reason that it is now 1 dollar... It's business model is in dire straits of failing.

    People in the know arent going near this and believe time is almost up. I hope I am wrong for all holders that have caught the falling knife, but we're advising all our clients to steer clear.

    Look at BBI, at least they have some great assets and if BNB go under, that could release bbi from there management and a rerating would be inevitable.
 
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