ann out, page-57

Mooshman,

Very confident. Spent a lot of time last night researching the company and listening to audio from BBP website.

We got in at $1.44 yesterday and bought some more today. It could remain choppy for a while until the dust settles when all this will be a distant memory.

The short term downside SP risk IMO has nothing to do with the quality of the company, it has more to do with perception. People are asking if they are the next AFG, MFS or Centro and that is deadly. For this reason, people may continue to bail. Over time though, this will change.

We didn't have shares before yesterday and because of the turmoil they were being offered at a very good PE ratio so we dived in. I genuinely feel for existing holders.

In the back of my mind is also the potential for them to be a take over target should the SP stay down for any length of time, say a couple of months or so. I need to research this more not being as familiar with the industry. Perhaps someone could fill in some blanks here around whether this is possible and if so, who may be interested?

On the earnings and the quality of the assets though, this is a buy for me.