open bag ?, page-15

Don't even compare BND to BBG: Billabong is the far superior company, imo (I'm a former BND holder).

AgAu, anyone buying BBG at this price is either going to make money or lose it. :) Funds will still be buying (it's only our Superannuation, after all!) and some big buyers are in for the long-term. One of the articles on BBG in the SMH, says that in such situations, Day 1 of sells is by insto's/funds, and Day 2 by retail holders (the article called them Mums and Dads). However, with the $76,746,125 traded today, that was not just parent traders.

The SP can only go so low before everyone wants in. If the company needs recapitalisation, it should assist in the long term (although another of my dogs- Hastie- had an enormous recapitalisation, and just had a further downgrade, and is completely stuffed). BBG just got too acquisitive, and conditions changed. It happens to the best of them.

Some of the more notorious recapitalisations, aside of HST, have been PGA, and NMS, and PPX is said to need one. Perhaps marketeers hear the word "recapitalisation" and freak out.