BBI 0.00% $3.98 babcock & brown infrastructure group

what does this mean for bbi holders ?, page-24

  1. 1,091 Posts.
    Vallis if you were a mum and dad investor who sunk $10,000 in BBI at $1 per share, those same shares will now be worth $400 (at 4 cents per share).

    Its almost impossible to average down to break even if you sunk another $20,000 in at 4cents you would only have an average buy price of 5.8cents. A LOSS IS A LOSS averaging down would only work if you could buy at 4cents and BBI SP went above 5 or 6 cents (its not going to happen BBI are worth Div value only now - ie 4c)
 
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