BBI 0.00% $3.98 babcock & brown infrastructure group

another sub prime victim

  1. 3,848 Posts.
    I have looked at BBI recent balance sheet and they seem to be in a very similar position to Centro.
    They have 12.6 billion in assets and 9.5 in liabilities, that is way too much debt. The reason babcock has separated its infrastructure assets from its investment bank is the risk factor as I have just illistrated.

    If you look closely at BBI the good will and intangible assets are 3.1 billion. eg customer loyalty lol
    This is where they get their equity of 3 billion, what a joke. There profit and loss statement is not transparent.
 
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