hhmm....
billabong was trading at this level before TPG came onto the scene right? so why does the market think it will drop further if TPG walk away? They market in my view should atleast be pricing a 50% chance that the TPG bid will go through....and let BBG trade half way from here to 1.45? The market is bizzare! oh well......the markets short term loss is hopefully my long term gain :-)
