Even with this debt, BLY will have small gearing i.e. debt to equity. This is easily manageable so I agree our original blogger. Definitely a buy.
One other point. All the underwriters have not been allowed to publish research or forecasts during the issues. This blackout period will end soon so expect several bullish upgrades.
And for those who like charts, the 20 day moving average has just crossed the 50 day moving average. Normally a bullish signal.
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