It may take a battering in the morning. The bailout plan didnt resucitate the economy in cardiac arrest, in Buffet's words, as Paulson and co. would like it to be.
But I believe this sp is still way undervalued in the short-mid term and we should see it recover in the arvo and into the week. Fair value as mentioned many times is around $4-5 IMHO.
My sentiment: Hold and buy while it's hot. Good buy under 2.00.
BNB
babcock & brown limited
It may take a battering in the morning. The bailout plan didnt...
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