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Results: BAB

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Babcock is a case study in how bad companies or frauds respond to bear dossiers

Let us be clear, Babcock (BAB) is not a fraud but it is a bad company. For several years now it has been poorly run. It has too much debt. It does not generate much cash, indeed it seems to be burning it. And on many of its contracts, the margins are so wafer thin that there really seems little point in deploying capital to win them. Who says so?

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