BBP seems to be well oversold atm. For a company taking out some of Alinta's goodies, with prospects of higher energy prices etc, what feedback do we have on Babcock & Brown Power.
Their price plummeted since they announced zero profit for the year, but this does not seem to have any impact on next years earnings capacity.
Stupid me bought at $3.45 and sold at $2.52 as I had to preserve some non-market cash. Good recovery since but marred by yesterday's poor effort.
Comment as you please.