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Three companies that could double in the next year

By Regan Pearson - August 14, 2013

If you have a stomach for risk and don't shy away in the face of volatility, here are three companies currently either out of favour with the market, or with big growth prospects. They could see a doubling in value over the next 12 months if conditions turn in their favour.

Billabong International Limited (ASX: BBG)

There is no doubt that Billabong is an ugly duckling. The desperate state of the company and high debt levels has seen the share price on a downward trajectory for the past three years. However, beneath the aimless management and failed takeovers, lies a set…