I'm prepared to lose it all (bought in again at 1.50 after making a tidysum) so I am going to HOLD. No point selling in the panic now and crystallising my loss.
Yes, Huntley did downgrade to a Sell, BBI did get lowered to BB- by S&P and yes Smith did have to draw credit lines to avoid breaking their covenants, but if this pass post 09 and they keep on deleveraging they have a good chance of surviving.
BNB
babcock & brown limited
I'm prepared to lose it all (bought in again at 1.50 after...
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