smokey, You are correct when saying BBI is priced as an option. If they pull off a big sale of DBCT (and according to the Fin Review there are three serious contenders), the price of BBI will spike. This market will keep rallying as it priced in the end of the world in March and the reality is that LIBOR is dropping, credit is starting to thaw and the US will recover. When it recovers is anyone's guess but it will recover. Warren Buffet on CNBC last night in am interview with Becky stated that he had his best ever year in 1955 when the US was in a sever recession. The DOW rose 50% that year smack bang in the middle of a recession. Just because things are bleak doesn't mean you shouldn't invest. In fact, that is the best time to invest. BUY IN GLOOM. That's why I've loaded up with BBI/BEPPA at trashed prices. Sure there are still risks, but the stock has oversold on the downside due to panic and fear.
BBI Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
