BBG was also a short target for very differnt reasons - BRU gets a mention.
Pop quiz: What ASX stock has popped over 100% in the last 30 days?
Certainly, it’s been a promising month, in terms of share performance, for companies from Maverick Drilling and Exploration (MAD.AX) and Buru Energy (BRU.AX), which have risen by 40% and 44%, respectively, against a 7.8% climb in the S&P/ASX 200 index (^AXJO) (ASX:XJO).
Billabong, the big winner
But it turns out that the best way to double your money in the last month was with Billabong (BBG.AX). Shares of the embattled surfwear company have risen 102% in the last 30 days.
The rise in Billabong shares has followed news of the company’s complex refinancing deal with private equity firm Altamont Capital and a consortium of partners, which has seen the company sell its DaKine brand and get a lifeline on its debt, as well as a new CEO in Scott Olivet, a former executive at companies such as Oakley and Nike.
