am i the only one still holding this dog?
courau21, is that your forecast 5-10% decline in eps in 2009/10? just remember the worst of the credit crunch is now, and bnb is forecasting npat of at least $750m this year. the markets for high quality infrastructure assets that bnb owns were never closed in the first place, if anything the credit crunch gives bnb the opportunity to acquire quality assets at distressed prices.
i am at a loss to explain the continued selling in bnb. the only thing i can think of is opes prime and lift clients forced selling.
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babcock & brown limited
the dog will howl tommorrow, page-23
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