interesting - if depressing - read, page-4

Exactly....the billabong brand has been written down to just 30million on the balance sheet....people are forgetting the other brands in this company like rvca, element, dakine , half od nixon etc.....went to a mall today in sydney and saw many kids wearing element and rvca tshirts. This is a company afterall that is still making round 74million in underlying ebitda This year! Lets kick out naude......maybe sell the billabong brand to vf or another brand to altamont and move on forward. When the economy turns we will do very well!!!