Looking good with the asset sale and debt reduction. Even the conservative Huntleys newsletter has a hold/buy recommendation despite saying it is medium to high risk. The thing is that the asset sale reinforces asset values and BBI's success and further intention reduce debt and run the company better. My guess is that the Board will reduce but not cut out distributions. Either way it will be temporary and send a further signal to the market that everything is under control. Could easily be closer to $1 in 6 months. Occam
BBI Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held