BBG billabong international limited

SP sure is a disappointment. I expect some upside in the next...

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    SP sure is a disappointment. I expect some upside in the next few months. They will use all the recent proceeds from sale of assets and cashflow to reduce debt. This will enable them to do a refi on much better terms and reduce interest cost significantly. Combined with better trading in their core brands I expect that they will announce a return to paying dividends next year. Fingers crossed.
 
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