I think the reason this sucker is going down is because I have a feeling all their money is owed in $USD I think they refinanced with JP Morgan recently so the more the AUD goes down profit that's left goes up but their debt blows out in AUD terms. I could be wrong about this but I guess get this feeling they would be stupid enough to refinance debt in $USD when the currency was at a historic weakness it's so BBG style to do something like this. It takes skill and extremely poor decision making to destroy value this quickly. I just caught the wrong train and ended up in a wreck.
- Forums
- ASX - By Stock
- billabong launch
I think the reason this sucker is going down is because I have a...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online