new thread, page-176

"I have been following the BXB story with much interest"

Its not a bad little business now.
Profitable both with respect to revenues and assets.
But at 30 PE, too much of a stretch.
T/O premium must be fully priced in.
I think I'll leave it with Paul and Mark for the time being.



"IAG .. A dissapointing result"

IAG, TAH & FGL are the most mediocre stocks in my portfolio.
Good franchises, someone will come to the rescue sooner or later as per Coles/WES.
Alternatively, the major shareholders will revolt and kick out the boards and management.