BBG 0.00% $1.05 billabong international limited

I think the reason this sucker is going down is because I have a...

  1. 634 Posts.
    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.
 
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