BBI babcock & brown infrastructure group
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once in a lifetime indeed, page-15

  1. TwinTurboCelica
    10,127 Posts.
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    22/11/08
    17:12
    Post #: 4527956
    Towie, most (over 90%) of the debt is non-recourse to BBI. I.e. Asset specific debt.

    The sale of the Queensland port alone could wipe out their recourse debt (corporate debt) plus more.

    I wonder if people understand the difference between recourse and non-recourse. Given the share price, I think not!
    BBI Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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