BNB babcock & brown limited

guru is back in at 9.70, page-7

  1. 86 Posts.
    Guru,

    I rode the stock from 14 all the way to 30. But market sentiment has changed quite a lot. With inflation being priced in in the wholesale markets, cost of debt has increased.

    I totally agree with your assessment that CBA has got the lowest cost of funding, but it is better used for Retail Lending than an acquisition of BNB.

    I think this stock will touch the 7's or even below before it gets any sort of traction.

    Cheers
 
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