babcock shares as good as worthless, page-8

Hi Eternit,

From 2004~2007, using cheap debt to buy overly-valued stuffs then put sugar coating on top, spend millions on marketing then sell them to greedy investors. We saw BNB reached as high as $33 dollars.

Now we have expensive debt and falling prices, owes more than the net assets. How could you even think that she is worth anything? The company now is worth nothing, the SP now is just based on "Good will". You are buying just the name "Babcock and Brown" the management.

There you go, as I expected V.S. this will drag it on for weeks, time to get out of this thread and look for some other stock that will make us money, or try and recover our losses from BNB from another stocks.

In my book, I've booked her as a goner, time to move on.