I think if people really did their homework, they would realize that dividends are very possible as early as 2009/10 (less than 12 months).
Once they sell Euroports and 50% of Dalrymple Bay, as well as the management fee being reduced dramatically and pay down the remaining corporate debt, BBI saves around 180M a year.
This stock is really just two announcements away from dividends. Great news for BBI and BEPPA holders.
I stand by my fair value call of 30c NOW and at least 50c once dividends are recommenced.
What happens if you decide to sell now and buy back cheaper and then the stock goes into a trading halt pending the asset sales being finalized? You will be caught short. I'd rather just stick to the long term plan. HOLD HOLD and wait for fair value. 10c is not fair value.
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