Vulnerable to viruses, damned by the hedge funds
Friday, June 13, 2008 : PermalinkSydney Morning Herald- There should be no doubt in anyone’s mind that those aggressive funds we all love to hate were responsible for the massive fall in Babcock & Brown’s share price yesterday – a fall so large it prompted a "review" by the company’s banks of its corporate debt facility.
There is also no doubt B&B provides a fertile environment for the hedge funds to operate. B&B and many of its satellite investment companies are vulnerable because they are over-geared, with flawed business models.
Tags: australian-hedge-funds, capital-group, imitator, newcastle, oracle, share-issue, withdrawls
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