And I do agree 100% with people like kiril and others who say there are risks.
There are risks they cannot sell another asset.
They may not get re-finance when it falls due.
The world might be so depressed for years that their income drops significantly and they cannot service their debt.
I understand and accept all that. I then look at the upside if they DO sell an asset, if they DO re-finance and if the world economies recover.
That's why I'm in there buying at these prices.
the facts about potential insolvency of bnb, page-5
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