BBI 0.00% $3.98 babcock & brown infrastructure group

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  1. 3,947 Posts.
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    Message from Mission (Out of) Control: The reason most REITs and utility stocks have been hammered so low is not interest cover, not earnings, not assets, but rollover risk for want of better words. Well, so called highly geared BBI has rolled over this $450 mill with room to spare. Tenders called and was well oversubscribed. So they will have taken the best offers. Point is they got it. No problem. SO it looks like the risk isnt near as high as a lot of hysterical types thought. So a re-rating? Naturally. It wasnt rabies your BBI hound has its , its a milkshake someone left it slurped. Everyone can come down from the tree get back into the goodies.
 
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Currently unlisted public company.

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