BBG billabong international limited

where to from here, page-14

  1. 5,157 Posts.
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    also the market was correctly pricing bbg over $4 in december....

    since then BBG has only come out financially stronger with he nixon transaction!....Nixon will give it 285M to put towards its debt of current debt of 525M?

    its week operational result i would strongly argue was more a symptom of the europe global economic malaise...

    its cash flow from operations was very strong and they are now going to shut unprofitable stores down to save $30m....

    I reckon it will drift back over $4 itself over the next few months....even if another PE party doesn't put a new bid in...

 
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