below asset value, I see you hold the stock...
Wind assets in the USA are for sale and there are some really big players looking....boon pickens is talking up wind big time and would not be suprised if he ended up with the assets, but he is also going to have to beat buffett who may back a bid from some Europeans...
Credit spreads are narrowing thanks to the implied guarantee on fannie and fredy, doomsdayers are asuming that all sub prime in their ledger is not going to be paid back, current defaults are 0.25% and if this increased to a massive 5% it is a 130Billion dollar shortfall which is small in the sceme of things. The market is telling us that financials are very oversold/ shorted and by any means of valuation they are cheap....IMO (some have problems for sure)
Look at BNB, if they make 750M this year, lets say they get smashed and profit halves to 375M, the PE is still really small and above SP still undervalued....probably why some are building stakes
This stock will recover, like all the ones in the USA over the last few days, why the increases of 10-30%, becasue the shorts have killed them and installed total fear,,,,its the greatest asset grab in resent history.....
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not tempting, page-3
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