BILLABONG's (BLLAF) CEO Neil Fiske on Q4 2016 Results - Earnings Call Transcript
BILLABONG's (BLLAF) CEO Neil Fiske on Q4 2016 Results - Earnings Call Transcript http://seekingalpha.com/article/4001972?source=ansh $BLLAF
I think CEO and CFO copped all the bad news this year so next year will be way better.
Made significant investments and paid out costs all this year.
Next year should be cleaner and these expenses gone.
Paidout leases, higher capex in IT, paidout deferred consideration for RVCA. They also copped currency issues and strike which impacted inventories.
Quiksilver clearance sales and PacSun did the same....then there was Surf and Stitch.
I assume they may had everything possibly go wrong go wrong.
Then they decided to have a bad year to make next year better.
I hope it gets cheaper as I will be accumulating. Nothing will change much for a while unless AGM provides more details.
Watch out for Gordon Merchant he may be buying very soon.
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