What a ride it has been for BBI over the last 10 days.
I know alot of us have lost so much money on BBI and the time may come where we will have to get out soon.
I still think BBI has great assets but the debt and trying to sell asset in this environment will be the biggest challenge probably we will see in our life time.
I'm in my mid 20s so I not see what really happen in the late 80s.
Few year ago I was reading the debate on Newscorp how they were moving to US and supper fund were required to sell because of S&P. The argument was if it was't for these fund support News it probably would of gone bankrupt. News shares was almost like BBI it was heavley geared because of acquisition in boom period.
Nwes survive and the rest is history.
The moral of the story is if there is still life there still hope.
Just my opinion.
BBI Price at posting:
3.5¢ Sentiment: None Disclosure: Held
