BBP 0.00% 9.5¢ babcock & brown power

"I fear the banks will do another BNB and stiff the BBP equity...

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    "I fear the banks will do another BNB and stiff the BBP equity holders. I really hope I am wrong."

    I stand by those comments Brantley. That is MY OPINION. I have no evidence because I do not have a clue what management are thinking but recent history shows the banks are not interested in equity holders (see BNB) and are only interested in recovering what is owed to them. The banks also the worry with BBI in which I am a substantial BEPPA (debt) holder. At least BBI's total business model is not underperforming like BBP but that is because of the diversification. They have a couple of brilliant growth assets that are covering some shortfalls elsewhere.
 
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