So I put 2% of my portfolio in BNB.
I don't subscribe to gambling and amidst all that people say, I actually looked at the disclosed report and must say, it looks a lot better than I expected.
I expected infrastructure to be the "in the money" investment so piled heaps into BBI and made enough to throw money into BNB at the price that I did.
I would like people to comment on the disclosed report though?
What are the major negatives that people see?
Here is a company making a profit (yes, they are heavily debt-laden) but it's a profit nonetheless. It has an interest cover above 3x (I thought I read 4.2x instead of the 3.3x indicated by Citigroup) and so there is not much issue of covering interest.
Debt service cover ratios are above events of default by a significant level.
Bah... I will take my chances.
I live by fundamentals and if I have to make a loss in the aim of learning more about fundamentals, bring it on.
I currently hold quite a bit of $ in BNB so my post is obviously positively bias.
DYOR.
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lost the plot and bought at 2.25, page-64
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