"...and I know they sweep 50M into debt everytime it hits $50M"
Not quite correct. Anything surplus cash OVER $50M gets swept. BBI is now simply a punt on DBCT selling at a reasonable EBITDA multiple. There are multiple potential buyers in the data room as I type. It's just a matter of time in my opinion. DBCT gets sold, corporate debt gets cleared and the re-rating will begin.
Changed my sentiment to BUY from LT Buy. My time frame for a BUY rating is 3 months.
BBI Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held