babcock & brown infra fy loss nears a$1 bln

Quote from Dow Jones Newswires

One infrastructure analyst at a domestic broking firm, said while the business performance at the EBITDA level was "OK," but believes a further deterioration in some of the company's key credit ratios, "doesn't point to some major turnaround in the credit profile of the business."

The analyst, who declined to be named, said the day's price surge had, "probably got to be the day traders who think it will really rerate with the name change and then we're away, but the simple fact is...it's struggling and it's in the hands of its lenders at the moment."

What a load of crap. Always blame the day traders.