it looks weird? who can explain?, page-9

columbia,

The biggest concern for BLY is its huge debt of approximately $750 million.

Whilst BLY trades on a very low PE ratio its Balance Sheet isn't too crash hot. For memory I believe it has approximately $300 million net assets over 1.5 billion shares on issue.

Its NTA (Net Tangible Assets) is not very healthy. I think somewhere around 3 cents per share.

What is of concern for anyone holding BLY is the possible announcement of a rights issue to reduce debt. This of course would dilute existing shareholders' holdings and possibly scare the market like it has done for other companies raising capital.

Its debt to equity ratio is somewhere around 300%. This is ridiculously high in the current environment.

These are just my thoughts and it is not intended to scare anyone but rather to inform anyone that is just speculating.

I do believe it is a good long term buy if it can procve that it can reduce its current debt levels.