Searching for the seed in a barren Billabong

The two Billabong suitors who have spotted potential among the company's rivers of red ink must be hoping today's full-year loss of nearly $900 million marks a turning point.

With the release of Billabong’s June-year results there are two thoughts that come immediately to mind. One is that it is a near-miracle that the group is still afloat and the other is that it is even more remarkable that it is being fought over by two suitors.

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