BBI babcock & brown infrastructure group

no interest, page-17

  1. 1,257 Posts.
    Melua,

    I feel great. I've sold my BBI the same day you sold your BEPPA. Ever since I've been telling to stay away from BBI with enough argument for discussion. By the time BBIDA re-listed i've tried to stay on the sidelines waiting.
    I believe the fair price for this dog is on the $3 to $3.5 range since it has a bad reputation and maybe they need to re-build confidence. I didn't have the chance to subscribe to the SPP since I wasn't holding at the time and I'm ready to buy back on PIH once I see signs of stability on the sp, which doesn't mean that people that has invested their money in here will lost it. Probably they will get it back eventually when management is changed and things settle.
    I strongly believe there is upside on this one, the price is not even close to the NAV, but we will have a better view after Feb-2010 with the dec-2009 accounts showing balance sheet and forecast.

    I don't really understand your "lol" asking me how I feel. Obviously you might believe your comments makes me upset because I'm holding but the reality is that your comments only show the kind of person you might be.
 
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