IF BBI is still around in 'years', even without div's the price should still be above 70% of Nav imo. Meaning a SP of 70-80 cents minimum.
Provided a reasonable asset sale is achieved, if management decide to dividends halted in an attempt to further pay down debt then this is 100% fine in my books. Whatever price managment can get for an asset now, you'd presume they could get substantially more in 18 months time if credit begins to thaw, so personally i would much prefer for divs to remain halted to provide cash flow and remove the nessecity for uncessessary asset sales.
Furthermore I hope the SP stays down for a fair while yet so i can keep accumulating as funds become available, seeing as i. like many other, don't have the luxury of saying, 'wow its cheap today, i'll buy another 250,000', my parcels are more in the way of 15,000 - 20,000.
Its been a long day so forgive me if nothing ive written makes sense.
Add to My Watchlist
What is My Watchlist?