BNB babcock & brown limited

IF Jim is going to stage a return, he'll wait until shareholders...

  1. 1,190 Posts.
    IF Jim is going to stage a return, he'll wait until shareholders are prepared to sell him the company for the least amount.

    Market cap is currently ~$120m and dropping by the day. You could easily see a point where the company was valued at under $100m, maybe even under $50m for the whole shootin' match.

    Of course, if someone does have a tilt, the directors will say it's low-balled and then (as if by magic) all this value will appear. Shareholders will be outraged that someone would put such a low value on their beloved company.

    Not sure how much Jim is worth but he probably wouldn't do it alone anyway. It would be humorous to see him buy back the $74bn empire that took 31 years to build for under $100m. That's the stuff business legends are made of.
 
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