reject the offer!!, page-148

ooops

EBITDA not earnings!!

BBG EBITDA = $0.16

so the CBA anlaysts is saying
enterprise value/ EBITDA = 6.2x
Price/Book = .5
from yahoo ZQK
Enterprise Value/EBITDA = 15.41x
price/book = $6.42/ $3.43 = 1.87

their are only two brands in the surfwear space I reckon - Quicksilver and Billabong
I reckon Mambo is a secondary brand. they have only just started sponsoring surf tournaments. Who are they sponsoring? Any big names?

Rip Curl and O'Neil are more into wet suits aren't they?

Hurley.. I don't really know

As far as I can see 60c is a complete and utter rip off

Probably too late now to be saying that as most shareholders have thrown in the towel I'd say