Both the media and the brokers have no idea on how to analyse this company. The brokers, to a man, all recommended it blindly on the way up and now, as they do not understand how the company is structured, will not recommend it on the way down. "If in doubt, get out" is probably the dumbest way to value shares, but unfortunately it can ruin companies like BNB by killing the share price.
That's not to say all is well, because clearly it is not, but if they are selling assets at profits for cash and paying down debt, well these are steps in the right direction. And they have plenty more wind assets to be sold yet. As long as they are able to sell those assets at book value or above, well why would the banks close them down?
BNB Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
