BBI babcock & brown infrastructure group
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Please read my post dargie.If a company can buyback their...

  1. favro
    80 Posts.
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    01/06/09
    21:54
    Post #: 5229792
    Please read my post dargie.

    If a company can buyback their preference shares then they could pay their coupons. Very simple.

    Remember their no. 1 responsibility is their shareholders and paying their dividend.

    If BBI is too busy stuffing around trying to screw their pref holders (who probably wouldn't even participate in a buyback if BBI was in such a position to buy them back) THEY ARE NOT ALLOWED TO PAY DIVIDENDS, THEIR NUMBER 1 PRIORITY.

    Please use some common sense.
    BBI Price at posting: 8.1¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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