Opinions
David Driscoll
Babcock & Brown Infrastructure
BBI-AU
BUY
Apr 23, 2008
Infrastructure fund. Owns ports globally but not cities’ as well as some Australian utilities. Acquisitions they made have not been expensive. Stock is off because of the carry trade between Australia and Japan.(It was cheap to borrow in Japan to buy Australian securities that are yielding quite a bit until they Australian$ began to fall.) Recently increased its dividend to about 13%.
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contractors
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