Adriano1 & ludba, I for feel that both your arguments are correct as our pool was severely frustrated in late 2012 when it recovered slightly and we had to top up. Though its been clear sailing from then, it has taken a significantly longer time to "end" than we anticipated (as I joked once, it was like watching a new Window's system rolling out...it coming, its coming!). Yes management decisions are to blame (no organic growth, but growth by debt), but they have done a very good job in trying to save this company since investment peaked (2H2010). They may have been successful if they had "seen" it sooner and not interpreted it earlier as a "slight" slow down. This has been a traders dream, all be it at the cost of many, but the fact is, the writing was on the wall for a very long time.
There is no industry investment, therefore there will be no White Knight. Current holders will loose and the benefits from BLY's collapse will be for others.
BLY Price at posting:
8.8¢ Sentiment: Sell Disclosure: Not Held
