BBG 0.00% $1.05 billabong international limited

the brands were written down $418m book value = $1.20NTA =...

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    the brands were written down $418m
    book value = $1.20
    NTA = 46c

    Intangibles = 74c

    Naude is offering roughly half bookvalue
    the inventory is worth 60c but would be sold at a discount
    The brands could be written down some more too maybe


 
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