Is Babcock Cheap? – The Final Day
29 Jul 2008
A few years ago I read a book called No Two Alike by Judith Rich Harris, which Charlie Munger had recommended at the...
READ MORE The Structure of Babcock's Capital – Day Nine
18 Jul 2008
Babcock & Brown’s capital comes from a combination of bank debt, subordinated equity and ordinary shares. I’ll...
READ MORE Restoring Confidence In Babcock & Brown – Day Eight
15 Jul 2008
Making the bull case for Babcock doesn’t require the creative mind of a science fiction writer. If the future is...
READ MORE Babcock & Brown: How Bad Can It Get?
08 Jul 2008
Downside analysis is one of the most important parts of any security analysis; what’s the worst that can happen...
READ MORE Babcock plays the regulatory game – day six
02 Jul 2008
As I mentioned in the first post in this series, Babcock & Brown is not a bank. That means it’s not regulated by...
READ MORE Babcock stains a promising record – day five
30 Jun 2008
Last spring I had the pleasure of watching a magpie raise her chicks five metres from my living room window. Apart...
READ MORE Babcock binges on easy credit – day four
27 Jun 2008
Today’s post is all about Babcock’s financial history. The business listed in late 2004 and, like most floats, the...
READ MORE Babcock bosses let themselves down – day 3
25 Jun 2008
Assessing the management team is one of the most important exercises to undertake when assessing business value....
READ MORE Bristlemouth takes on Babcock and Brown – day two
24 Jun 2008
While the sky high debt levels and frantic deal-making make analysing its funds a nightmare, the Babcock business...
READ MORE Bristlemouth takes on Babcock and Brown – day one
23 Jun 2008
It’s times like this you wish you’d done more. Babcock and Brown’s share price is in freefall and Mr Market is in a...
READ MORE A load of uBS
11 Jun 2008
The review was nothing out of the ordinary. Another float, another avoid recommendation from The Intelligent...
READ MORE Dutch disease infects Aussie exporters
27 May 2008
If you'd asked me 10 years ago what effect a mining boom would have on the Australian economy, I would have...
READ MORE