BBG 0.00% $1.05 billabong international limited

about to announce a 60c deal, page-67

  1. 5,383 Posts.
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    MjrMambo: its in their annual report they tell you their liability...it actually not that hard to work out from here taken the latest figure...if I have the stock I would spend an hour or two and get it all and you know exactly what to do...bail or stay...

    work out their interest cover from the latest figure
    then play what if scenario...what if earning down another 10% will their interest cover running dangerously low like under 2-3 times ..if that the case bankers are in control
    and you are F**K....bankers will force capital raising and do a lot of stuff that will dilute the hell out of you...

    not saying that it will...but do your quick number before they resume trading and you have an attack plan...bail or stay...


 
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