the best of the babcocks

market cap now down to $25 million, no debt due til march 09 with remaining debt staggered out til 2011 and they saved around $100 mill by not paying the latest dividend.

sticking to earnings guidance of $350 million for this FY.

bbi also have great assets but with 2.4 billion shares on issue they are still capped around $90 mill.

im thinking this bbp sell off has gone a bit far now and it really is looking ridiculously cheap.

any thoughts?