dumped and out, page-9

Boof

I appreciate the quality of that post. Hence I have taken the time to reply just for a balance of opinion for other posters.

All your points are correct and you're spot on about the risk and probability of each one. The real thing to be pointed out here though, most investors will agree BBI is a trading stock, its volatility is great for day traders. However, I dare say there are a lot of day traders (or ppl with short term outlooks) here that are taking 2-3 year outlooks in buying this stock.

All I am saying is that in the near term we see just one upside...the possible sale of dbct... but it HAS to be at a good price otherwise its near useless in addressing the issues its meant to be solving.

Then if we consider the negatives in the near term we see uncertainty regarding:
- PD Ports (revised earnings and lower bidding as a result of losing a key customer)
- Westnet Rail (not only negative sentiment but also something else that will make the news to make BBI look bad)
- DBCT (will it even get sold on time)
- SPARCS (we just had an 8% liquidation in this stock, and considering the cost basis of some of the NZ holders no doubt we will see them converting the rest at the end of the year)
- The chance of BBI incurring a penalty for its payments this year is likely, but how drastic we will see

So I ask you this, if the only pro's for this stock are for the long term... added to the immense risk situation... would you not find another stock just as easily with 10% the risk that will deliver similar profits?

I look forward to your replies.