Well today's prce action only proves one thing, that the model that Babcock and Brown uses is flawed. Works well when the sun is shining and the birds are singing but when the storm clouds gather as they are now, then it just doesn't stand up.
Total loss of confidence in BNB and their management. It is really unbelieveable to think that the rpice can crash from $16-17 to under $4....
Greed is starting to show its ugly face now, right around the world.
I only hope that the shareholders of BNB and all its entities do not lose their $$$$$
I know a work mate who will not be sleeping tonight, and my thoughts go out to all those who are in a similar situation...
I will be steering clear of all financials for the next few years. I have a feeling this will get worse before it gets better...
Good luck to all!!!
BNB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
