BBI 0.00% $3.98 babcock & brown infrastructure group

notes from singapore tele-conference, page-31

  1. 14,880 Posts.
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    Good advice and people should make up their own minds. It's not healthy to blindly believe everything someone says is correct. Maybe there are things that are negative for BBI that I don't know about? I just try and highlight the fundamentals because I believe ultimately the market will price a share on fundamentals..... eventually.

    BBI will need to prove another asset sale at a good price and then their credibility will start to repair and only then we will see sustained buying for BBI.

    I think in the short term they can rally to the 12c-15c region and after an asset sale and further reduction of debt,rally to high 20's/early 30's. Then if the general markets globally stabilise and credit starts to flow, BBI can push higher back into the 50c+ area sometime in 2009. Remember at 50c, it's still less than half its NAV.

    See you all around mid-December and keep the faith.
 
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