BBI babcock & brown infrastructure group
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They do have an ace up their sleeve if push comes to shove....

  1. melua
    14,880 Posts.
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    12/05/09
    10:56
    Post #: 5123923
    They do have an ace up their sleeve if push comes to shove. NGPL!
    Short term there are some significant hurdles to overcome.
    Also, what if the counter party to their FX hedges calls the transaction in? $250M loss. At the moment it's a mark to market loss but if it's called in, it becomes a real loss.
    BBI Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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