BNB babcock & brown limited

When a business model is shot you don't buy a piece of this...

  1. 8,619 Posts.
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    When a business model is shot you don't buy a piece of this business.

    People on H/C said Centro was a complete bargain at $1, $0.70, $0.60 and so on. Still not correct. Same with ABS at $1.50, $1.20...and so on. MFS, Allco, CCP....and so on.

    Been here long enough to understand never to trust anyone. Sounds like BB only bought this stock because M12 did. Makes a punter feel better knowing another punter is on the same ship.

    Many H/C people say they are supertraders, have a 90% success rate, mega rich, and all that other garbage. Read a great article on Motley Fool about people claiming they have a mega success rate trading. They should be billionaires already with that kind of success rate. The article had all the math to back it up that most people are just complete liars. Be careful.

    Don't trust anyone boasting on H/C....lesson to newbies.

    Pray the Dow Jones rallies tonight, then you might have a shot to sell tomorrow. If not I can see this opening way below $2. This company is on lifesupport, mountain of debt choking them with income and assets declining rapidly and no growth to bring in new income because their business model does not work in the current environment.
 
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Currently unlisted public company.

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