this dog's sp will be above $30 once the results are announced in Feb08.
it is one of the few stocks in the non-resource sector which will exceed guidance eps growth for the yr ending 31Dec;also expect at least 15% eps growth for next 2 yrs.
currently deploying its cash to buy infrastructure assets everywhere -new aquisitions on a daily basis. This is great news.
imo downside is limited despite all the credit squeeze in US.
I hold both BNB and MQG(the latter is great for buying and selling for the short term ,eg buy around 76-77 and sell above 79-80).
BNB
babcock & brown limited
