Babcock on song

James, David
May 2008
BRW;5/15/2008, Vol. 30 Issue 19, p72
Trade Publication
The article reports on Merrill Lynch's claim that Australian investment bank Babcock and Brown is being under-rated by the market. Merrill has estimated that Babcock is trading 28 percent below what it would be worth if it was broken up. The bank's tangible asset backing of $6.52 a share understates its wind-energy assets, according to Merrill Lynch.


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