BBG
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0.00% $1.05 billabong international limited

please explain

  1. R_Soul
    9,383 Posts.
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    24/07/13
    07:23
    Post #: 12102065
    I'm just a simple Rabbit and i can't work it out so someone please explain this to me.

    BBG, market cap $200 million

    Altamont lends it $325 million (at an exorbitant rate of 12%)

    Altamont gets 40% of BBG, approx $80 million for it

    if BBG tanks, Altamont loses the lot,

    Altamont wouldn't take such a risk even for 12% unless they thought someone else was interested, or they know more than us (which in my case wouldn't be hard)

    Please can someone tell me what i'm missing?
    BBG Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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