BBI babcock & brown infrastructure group
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buy bbi not dbct?, page-5

  1. mulgabill
    1,573 Posts.
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    06/03/09
    17:24
    Post #: 4876025
    Stabilo, Your Idea makes a lot of sense. Except that you have probably overlooked BBI's debt

    "BBI has a staggering $9.8bn of debt and on December 31 EBITDA coverage of interest expense was 1.71x. BBI is selling off the farm to reduce gearing and interest expense."

    Therefore, if BBI can find a buyer for DBCT, it would be much more attractive to buy it outright on its own.
    BBI Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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