new michael west article 1 03pm fri

http://business.smh.com.au/babcock-disaster-looms-20080613-2pzg.html?page=fullpage#contentSwap2

Babcock disaster looms

* Michael West
* June 13, 2008 - 1:03PM

I wont quote it as it is too long - worth a read

"This is why the hedge funds are "short'' - those who managed to borrow stock, that is. And this is also why no big institutions have gone "long'' and come to the rescue yet. Make no mistake, if the value is there somebody will pounce and make a fortune. And at least one major corporate has already run the numbers."