here we go here we go..., page-13

makinmoney

Good comments and I mostly agree. But I'm not just "hopeful" of BLY being viable and profitable ... its in the numbers. The only thing we don't know is how bad the overall market is going to get.

I reckon BLY is being sold down just like Allco and BNB because it was essentially a Private Equity float in April last year and because it has "Debt" .. that horror word at present. But behind this market slaughter there lies a company that is making a profit of >$150m a year .. and that's after paying the interest on its debt. EPS in 2008 was 12 cents and likley to be around 10 in 2009 ... you do the maths. On these numbers i reckon we will see a big bounce back once the distressed selling stops.

H