Billabong International

Billabong International reported its interim result on Friday, with both revenue and earnings falling significantly. Having had a chance to digest the results over the weekend we’re reasonably happy to maintain our current recommendation, but have a number of questions we are following up with the company. Expect full coverage of the interim results shortly. For now, with the share price down 12% since 15 Jan 13 (Speculative Buy – $0.96), Billabong remains a SPECULATIVE BUY. Note: The model Growth portfolio owns shares in Billabong International.

Billabong International reported its interim result on Friday, with both revenue and earnings falling significantly. Having had a chance to digest the results over the weekend we’re reasonably happy to maintain our current recommendation, but have a number of questions we are following up with the company. Expect full coverage of the interim results shortly.

For now, with the share price down 12% since 15 Jan 13 (Speculative Buy – $0.96), Billabong remains a SPECULATIVE BUY.

Note: The model Growth portfolio owns shares in Billabong International.

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