Markets: Billabong bravehearts

The embattled retailer's share price has nearly doubled in less than a fortnight, confounding analysts and scaring off institutional investors.

Who would have thunk it? Billabong International shares are now double their all-time-low of 13 cents at June 21. At 1226 AEST the stock climbed 3.75 cents, or 17 per cent, to 26.25 cents, after earlier rising as much as 4.5 cents, or 20 per cent, to 27 cents.


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