BBI babcock & brown infrastructure group
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age article re bbi, page-4

  1. melua
    14,880 Posts.
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    03/09/09
    08:09
    Post #: 5590300
    I feel a severe haircut coming and NAV dropping like a lead balloon. The company will be "safe" for the short term but the upside will now be capped. Forget about riding BBI to $1. That is not going to happen. Existing holders needed BBI to sell 100% of DBCT for circa $2.8Bn. That would have been the golden egg but luck was not on our side.
    BBI Price at posting: 7.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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