you are missing the point with these stocks.
Fundamentals are out the door at present.
It is all about perception.
Panic and fear have taken over.
People are going to 'shoot first and ask questions' later.
People perceive these companies have too much debt and the business models are not suited to the times.
Panic selling begets more panic selling.
Some people think 'privateers' are going to buy these companies,why would they?
If they wait a little longer they can just cherry pick the best assets at fire sale prices from the banks without any of the debt or obligations.
BNB
babcock & brown limited
