Nicksta forgot to add that BNB I researched in May 08 and the anaylsts had a target price of $24.00 to $28.00
Thats why I started buying the fisrt lump of 36,000 shares then the crunch cane in a matter of weeks they dropped top 70cents
I believe that their loans have some way to go till they become repayable or up for refinancing.
Their main assets infrastructure, ports, energy wind farms, japanese real estate etc (apart from Europe) are sound. Deleveraging is waht is the concern. However even on a fire sale if the assets are stated at $6.07 surely if they are not desperate sellers they can do a deal with Private Equity etc at say $2.50. There is upside ion the assets. Their main customers are government backed or large institutions.
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