It seems strange that the buy-back is making the price go lower ... it's meant to prop it up, or help increase it from low levels.
Its also weird that EBI have little exposure to sub-prime issues and yet it is increadibly low and going backwards when the ASX has recovered and now setting new records again.
What Tha?!!!
Cheers.
p.s. anything around the $3 mark, which is very close to what it is now, has got to be a strong BUY (IMO) as a great long-term investment. The stock shouldn't go any lower with the buy-back in place (unless there is total disaster around the corner) and the yield just keeps getting more massive ... the investment will pay itself off in approx. 4 years just on dividends.
EBI
everest babcock & brown alternative inv trust
