interesting - if depressing - read, page-5

Apart from just how individual brands are doing keep in mind billabong shops sell all brands, if you walk into a surf dive and ski for example you will also see clothes from quicksilver, roxy etc......the sucess of competitors in this field like zumeiz shows us that thier is serius m ey to be made being in this part of the market once we get our shop in order. I say stuff this takeover......i a happy to put my bbg shares back in the bottem drawer fir when this cycle turns.....

Also dont fall for the bull shit articles in fairfax today that say we are heading for a wipeout......keep in mind that net debt is just 152m and our covenants have been waived till mid next year by which tie the cycle will have likely turned...This is still a company that is briningng in around 1.4 billion dollars in sales globally.......we are not heading for any wipeout