BBI 0.00% $3.98 babcock & brown infrastructure group

capital t for trouble and d for dividend, page-23

  1. 14,880 Posts.
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    Quality post Carbontrader. We are seeing forced selling. I spoke to a fund manager today who is having to sell quality shares across the board. His US clients are just saying, "We hear what you are saying about the fundamentals but we want the cash now!"
    I don't know where BBI's share price will end up. All I know is that it is dirt cheap on a twelve month view and I'm prepared to buy more. My next buy point is 20c. If it doesn't get there, so be it, but I'm hoping for another capitulation in the US so I have a chance to buy at 20c. I cannot pick "bottoms" but I know how to stick to my convictions. If I thought it was a strong BUY at 40c and didn't buy, then I'm entitled to load up at 25c.
 
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Currently unlisted public company.

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