BNB are outperforming EVERY major US investment bank- yet they have been slammed in SP more than all these banks. BNB assets are yielding PROFITS. They are not writing off billions due to failed mortgages and the credit crunch etc. Look below for a quick a comparison of US investment banks vs BNB. I have compared the SP from May 2007 to Aug 2008.
*citigroup $54 to $20 (down 62%) lastest quartely loss of
$2.5 billion
* Lehman $76 to $18 (down 76%) latest quartely loss of $2.8 billion.
*Merrill lynch $93 to $26 (down 72%) latest quartely loss
of $4.7 billion
*babcock and brown $31 to $6 (down 80%) next half year
earnings expected to be a profit of $100-$200 million??
This is not to mention the previous 3 quarters where all
these banks were loosing billions and raising capital where as BNB was reporting more profits!
Can somebody please explain to me what I am missing?
BNB
babcock & brown limited
