BNB babcock & brown limited

I have been watching these for a while now.... The yield to...

  1. 406 Posts.
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    I have been watching these for a while now.... The yield to maturity is around 42.5% at close today.

    But think about what your buying here and ask yourself why BNBG has been sold down so low. At those prices the market has clearly priced in the possibility of default.

    I would be very careful about this one. At the moment BNBGs are higher risk than pretty much any blue chip equity you could name. The same goes for TIMPB and WFLPA, don't buy unless you can afford to lose it all.



    **I'm not trying to down ramp here I'm just posting my thoughts. I was very tempted by BNBG a month ago but I didn't buy and I also briefly held TIMPB. However I don't have the balls to hold these at the moment. If you have the balls then good on you, but just be aware of the risks.
 
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