Also the first half of this financial year was terrible for BBG....
Europe looked like it was going to implode....japan was still reeling from their earth quake...
We had floods in + terrible weather.....late start to winter in europe and SO ON SO ON...
But BBG still made $31M (excluding non cash impairment) after tax! this is a profitable company...not one loosing money.....its got no imperative to sell itself short....
Just as Apple & Puma resurrected their brands....i reckon BBG can also resurect the Billabong brand.....just be patient :-)
BBG Price at posting:
$2.36 Sentiment: LT Buy Disclosure: Held
