BBI babcock & brown infrastructure group

beppa, page-103

  1. 2,892 Posts.
    Hi Theon,

    Tempted to buy in??? many times.

    Prior to GFC when I was a professional gambler on the ASX, I would have bought 5 million shares without too much concern. Telling my wife we would need to sell the dream home we built which had no debt on it, to go and rent...was not a pleasant conversation to have.

    Now that I have been taught a very expensive lesson by Mr Market, where I have lost the last 15 years worth of work...I am a little more selective.

    Yes, once DBCT is sold, I will assess the situation then. No doubt the stock will rally hard, and then pull back. At that point the risk will be substantially less. I would rather be faced with the prospect of a lesser return, potentially doubling my capital over 12 months, then the risk of losing all of it should the sales process not pan out as we all hope it will.

    Good luck to holders. Risk/reward is what it is all about.

    Kiril.
 
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