smh article

Everyone check this article out:

http://business.smh.com.au/babcocks-thin-lifeline-20080612-2pho.html

Note the quotes:

It is simply too big to fail, at least until every avenue for a restructure and recapitalisation are exhausted.

Not only does Babcock control an array of essential services in energy and transport but both the mothership and its satellite stocks are owned by hundreds of thousands of small investors. Many of these are elderly investors who acquired the stocks for the handsome yield.