BBG 0.00% $1.05 billabong international limited

I'm with Seb on this one. There were some good things in the AGM...

  1. 369 Posts.
    I'm with Seb on this one. There were some good things in the AGM address, but the traditional EBITBA skew of 65% 1H vs 35% 2H is very troubling. The 1H17 EBITDA sounds like it will be ~$25m. Requires a massive turnaround in the 2H (ie ~$35-40m) to achieve FY17 EBITDA of $60-65m. History suggests the 2H faith stories rarely deliver ...
 
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