2009 the year of the bbi rebound, page-11

At 8c, BBI is valued in total at $192M.

Would you sell multiple global infrastructure assets that have free cash flow of around $250M a year, regulatory protection of 75% of its revenue, net equity after debt of $3 billion and solid growth prospects for a lousy $192M? Well, those that are selling their share of BBI at current prices are doing just that. Maybe I'm wrong but I'd say it's madness.