BBG 0.00% $1.05 billabong international limited

new chairman - good sign, page-22

  1. 7,289 Posts.
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    Hi uts,

    Yes I used to love this stock, true. But recent turn of events, ie. Second bidder pulling out and now speculation re TPG that is imo most likely correct, has made me run for the door. I can't afford to keep my money locked up for years while the new management get their shit together if TPG back out. Its a sell for me now, but thats not to say that it won't become a buy at a later date.

    If TPG are still in, I'm pretty confident that the current offer of 1.45 will never be raised.

    So in summary, I guess I believe at this point in time that the risk of it plumetting sub 80c on news that TPG have walked is a risk I'm not willing to take.

    GLT you tho uts,you have been a die hard supporter and I hope it pays off for you.
 
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