This is definately one for the long term portfolio but as always the price we pay is the issue.
According to Macquarie Research Equities (and they shouldn't be too biased because BNB is a competitior and in time a very strong one in both people talent and deals) they are expected to earn:
FY2005: $159M
FY2006: $191M
FY2007: $219M
That puts BNB on a PE of 23.5 in 2005; 19.5 in 2006 and 17 in 2007.
BNB
babcock & brown limited
