BBG billabong international limited

Also did anyone watch your money your call last night? they were...

  1. 5,155 Posts.
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    Also did anyone watch your money your call last night? they were discussing BBG....one of the guys said that the share price has been shredded because major hedgefunds have sold down massive parcels of shares in the expectation of a new rights issues........once goldman sach's completes their review....and if they can raise cash through an asset sale....i.e not do a rights issue....the hedgefunds would have to stampede back in that could easily double the share price.....but the risk he cautioned is that if they can't sell an asset right now they may have to do a dilutive rights issue....

    i'm personally happy to take that risk.....because i'm confident that they won't do that ....but this is my view...
 
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