jmh04
Please dont quote a snapshot from a posting of mine without referencing it/me or at least showing the argument put with it. I said:
"The model that BNB and MQG is built on is exactly the same as AFG and is most certainly not that "adopted by most organisations".
It is called a core asset origination model and it requires predicatble cash flows(not posiible in a recession/high interest rate environment), growing asset values (ditto) and high gearing of debt, some of which is used to service income distribution.
All of this works fine in a low interest rate world, but when rates go up and asset values go down - you are in deep trouble. That is where these boys sit right now."
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bumper 07 result 50 percent eps growth, page-4
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