From yesterdays The Australian Margin Call column.
Here are the two latest rumours. Billabong is on 21 times earnings. Not much room for error in that old valuation. Bit fat in the equity risk premium, or what? What would happen if it turned out the company had an exposure to the demise of Ragtrader in the US, as is rumoured of Globe, or something like that?
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From yesterdays The Australian Margin Call column.Here are the...
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