BNB babcock & brown limited

Im sorry Nicksta - I left off very important words in my note...

  1. 631 Posts.
    Im sorry Nicksta - I left off very important words in my note which should have read "In my opinion" - and that is all I have - an opinion - no more facts than anyone else - and likely less than that.

    My intent was to call BNB a casino stock "to me and me only" - and of course "in my opinion". Prior to my recent purchases in CNP and BNB I never invest in such stocks - and by "such" - I mean ones that I have no hope of understanding how to value them, nor what they are currently worth, and certainly no idea of what they might be worth.

    If I have upset you, please accept my sincerest apologies.

    Regarding audited balance sheets and *my* beliefs: I believe auditors value balance sheets of a business one way, and a similar kind of auditor (often called a "receiver", because of the time at which they conduct their audit) - will audit precisely the same asset in a completely different fashion. I take issue with neither of their values - although the difference between them can often be staggering. Which of the values, if any, a person chooses to believe, and when they choose to be them, is a very personal choice indeed.
 
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