BBP 0.00% 9.5¢ babcock & brown power

i think it's all over, page-30

  1. 14,880 Posts.
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    According to ABN Amro, the interest expense for 2009/10 will be $293M and that assumes no increase in margin when the banks look at their options. You only have to do the sums. It's not pretty. Downgrade after downgrade on a business that should be a steady consistent performer. Management have a lot to answer for and the CEO's salary package (in light of the company's performance) is highway robbery.
    I hold a few and if I'm wrong well and good but I am not hopeful. There is nothing we can do now anyway but wait.
 
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