BBG 0.00% $1.05 billabong international limited

Sometimes I feel sorry for shareholders, sometimes I don't...

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    Sometimes I feel sorry for shareholders, sometimes I don't

    Anyone who bought into this above $1 must have known they were taking a punt into a headwind. The best they were hoping for was a momentary drop in wind so their ball could go a few extra metres. Before rolling backwards. At 56 it is punt worthy to trade the volatility. But not long term. This will be liquidated inside 2 years. There is no brand worth real money value remotely near its debt levels. Other than that it is a romantic reminiscence, and nothing else. Its like Elle McPherson
 
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Currently unlisted public company.

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