BBI babcock & brown infrastructure group
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  1. melua
    14,880 Posts.
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    02/04/09
    11:40
    Post #: 4972068
    "...and I know they sweep 50M into debt everytime it hits $50M"

    Not quite correct. Anything surplus cash OVER $50M gets swept.
    BBI is now simply a punt on DBCT selling at a reasonable EBITDA multiple. There are multiple potential buyers in the data room as I type. It's just a matter of time in my opinion.
    DBCT gets sold, corporate debt gets cleared and the re-rating will begin.

    Changed my sentiment to BUY from LT Buy. My time frame for a BUY rating is 3 months.
    BBI Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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