Many companies have debt issues in the market at the moment,however I don't see banks coming in and putting companies to the sword...I suspect that most of the banks realise that in the long term it is bad for business to play the heavy hand.I am certainly no expert but banks have balance sheets too and again I suspect that banks don't want to put a bad debt on the sheet.Therefore they are being flexible...now is the time to accumulate cheap shares.In the long term the buyers of today will be the huge winners when the markets recover....and we will probably all look back and think...'what was all that fuss about'....all these companies that were worth $1-$2 a year ago and they are now trading for loose change...I'll roll the dice & take a punt on that!
BLY Price at posting:
11.3¢ Sentiment: LT Buy Disclosure: Held