17 September 2008

BAA - as usual a day late and a dollar short

Its a bit like bolting the door after the horse has bolted. BAA finally agrees to sell LGW after two of its most important tenants have left. First it was American this year and now Continental announced this week its intention to exit.

Sadly we cant een blame the Spanish owners for this situation of affairs. This is just SOP for BAA.

Thank goodness I managed to sell my stock ling ago.


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