master I agree, this is a quality global business that will...

master

I agree, this is a quality global business that will recover strongly at some stage but at the moment is inversely proportional to the strength of the aussie dollar.

Cap raising didn't help either by diluting earnings amongst 257M shares now outstanding.

I believe that they will turn it around especially if they can harness the profit margin potential of vertical integration wholesale thru retail.

The Aussie will plateau eventually as western interest rates start to rise? In the next 6-12 months I would not be surprised to see AUS$ fetching $1.12-$1.15 US.

For me this is a stock that I am watching closely because there is value there but the timing for a long term position must be considered.

FY11 is not going to be great for BBG but FY12 could surprise to the upside if the global recovery continues and the aussie starts to taper off.

DYOR