BBP babcock & brown power

ubs research on bbp, page-10

  1. 14,880 Posts.
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    kingalpha,

    The NAV is well over 70c ($1.00 if you take UBS' opinion). There are no debt maturities due for rollover until Sept 2009 ($174M) and then Jan 2010 ($201M). June 2011 requires the first major rollover of 1.6B then 871M in June 2013.
    All asset level debt falls due between 2014 and 2024.

    Please explain why BBP is a sell at 5.2c?
 
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