BBG billabong international limited

no its for FULL YEAR 2011!i don't think buying up over a billion...

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    no its for FULL YEAR 2011!
    i don't think buying up over a billion dollars of goodwill is particularly smart if the operating cashflow is so poor...and doing it on borrowed money shows how shockingly pevergared it is.
    no i am not in Aust..didn't see it...the hedge funds shredded it because they shorted it..they look at numbers ...remember in any asset sale they have paid goodwill for they will find the sound of the magicians wand going "poof!" ....a big part of assets is debtors and stock...and cash which they will be trying to conserve...overall its not pretty, but they may survive with dilution at a savage discount
 
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