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07/10/04
16:02
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Not really - it was trading at well over $11 prior to Matthew Perrin selling out.
With the three acquisitions adding immediate value and predicted growth of 20% next year and over 100 million by 2005/6 it is a real growth story.
Aus vs US is exceptional favorable at USD $ 0.76 / 77 with BBG sourcing 70% of income from o.seas its set to soar.
Finally, take a walk through any Westfield and every second girl and guy under 30 is wearing Billabong everything.
Now with teh MRS PALMERS purcharse they have a footware line.
20% ROE expected.
I am calling a $11 price mid 05
Singas
Breaker of Gobblins mind
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