Spot on Towie...in a market where there are fire sales, time is a very valuable commodity. BBI is generating excess cash and thus the passage of time allows it to improve its financial position and deleverage. Also, IMO we are going to see inflation from the money printing by governments globally, which also serves to reduce the real value of debts.
Disclosure: BBI Hold, BEPPA Buy
Spot on Towie...in a market where there are fire sales, time is...
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