BBI babcock & brown infrastructure group

still target 10, page-4

  1. 5,475 Posts.
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    Why wait for BNB to go bust? It is a no brainer. Independant Directors have a duty to shareholders to cancel the management fee via a shareholder vote.When that issue is settled and it becomes apparent that BBI can manage its assets and its debt to maintain positive cashflows and continued distributions, then the sp will adjust accordingly.In the meantime I am hanging in there and accumulating in low 20's.
    Occam
 
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