At some point down the track I think BBI and BNB will discuss an escape route from BBI, probably when BNB is sufficiently softened up to hear reasonable offers for these rights.
It won't be cheap, but it may be worth it, although we are forgetting that BBI has more pressing immediate commitments at hand than escaping from mgmt fees. They need to escape from their lenders and their own bondholders first.
BBI needs to restore itself to full health before it can try things like this. And that is going to reckon a decent asset sale or two.
BBI Price at posting:
7.2¢ Sentiment: None Disclosure: Held
