west at it again, page-13

He certainly is negative which is ok, but he is consistant and not balanced....It seems to be his favourite pet hate and if he wants to keep covering how about being balanced

Yesterday, massive article "culture of Greed"

What about tomorrow he writes "Amazing resilience and Banking Skill at Babcock and Brown"

BNB the Australian Merchant Bank whose shares were savaged on the 13th June has had a suprising bounceback not only in its shareprice but in deals.....Yes there is debate about the model broken something I am still not sure about, but to be fair it really does seem like BNB are hard at work trying to restore shareholder value and are demonstrating this not with talk but with action, it has been an amazing month for the talent at Babcock and Brown,

First thier Credit rating was restored
Then their large consortium of Banks looked close and hard at the bank and decided to remove the review clause
Then they leased another two planes
Their Wind assets have competitive buyers around
They sold some Energy Assets for a profit
They were named preferred contractor
and now they are being approached by a number of people who want their Power assets..

On the face of it, the recycling of assets seems to be working and whilst they seem to be down, the organisation is not out given the resent activity, almost reminds me of when MQG shares hit a low of 11ish a few years ago and look at them today...