great buy - or not? feedback??, page-39

goblin, he had the initial letters from bankers, which was all that was needed. It's like diligence on his finances only came to light after the fact- and it came via the press. Apparently his bankers pulled the plug because they didn't want to be caught up in a huge Aussie bankruptcy.

It's a shame Nomura didn't come up with their figure valuing BBG before now- they could have saved people a lot of money, because the downside could become much more than the upside now. TPG might have come clean earlier, too. The AFR actually did save people money.

I reckon the Directors will buy soon- at these levels, there is limited down side, except in the most bearish scenario. The markets are quite bullish, and that will help.