Author Topic: Billabong now worthless?  (Read 3695 times)

arce1988

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Billabong now worthless?
« on: August 27, 2013, 02:39:23 PM »
http://money.cnn.com/2013/08/27/news/billabong/index.html?hpt=hp_t5

Australian surfwear maker Billabong plunged in Sydney trading after the company posted a tremendous annual loss that totals more than three times its market value.

The company's staggering full-year loss of A$859.5 million ($773 million) dwarfs its A$256 million market cap, and shares fell as much as 15% before a late afternoon recovery. The Gold Coast-based company also wrote down to zero the value of its Billabong and Element brands, deeming them essentially worthless. Sales plummeted 13.5% compared to last year.

no one

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Re: Billabong now worthless?
« Reply #1 on: August 27, 2013, 02:58:43 PM »


hey bro I gotta say I enjoy these little off topic threads you throw up every now and again.

it's like a 1-2 minute blurb about this or that that your like 'fuck, that's interesting' you read it.

keep up the good work bro.
b

arce1988

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Re: Billabong now worthless?
« Reply #2 on: August 27, 2013, 03:08:56 PM »
  You know, no one... that is why I do it... kind of like the random pics by bradi...

booty

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Re: Billabong now worthless?
« Reply #3 on: August 27, 2013, 03:18:20 PM »
http://money.cnn.com/2013/08/27/news/billabong/index.html?hpt=hp_t5

Australian surfwear maker Billabong plunged in Sydney trading after the company posted a tremendous annual loss that totals more than three times its market value.

The company's staggering full-year loss of A$859.5 million ($773 million) dwarfs its A$256 million market cap, and shares fell as much as 15% before a late afternoon recovery. The Gold Coast-based company also wrote down to zero the value of its Billabong and Element brands, deeming them essentially worthless. Sales plummeted 13.5% compared to last year.

They have nice clothing.  It's a shame.

Kwon_2

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Re: Billabong now worthless?
« Reply #4 on: August 27, 2013, 03:21:58 PM »
hey bro I gotta say I enjoy these little off topic threads you throw up every now and again.

it's like a 1-2 minute blurb about this or that that your like 'fuck, that's interesting' you read it.

What Brad does with Artistry, Arce does with Words of Wisdom.

That_Dude

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Re: Billabong now worthless?
« Reply #5 on: August 27, 2013, 03:22:41 PM »
Not overly surprising have to say their product is superior to quiksilver

Mr Nobody

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Re: Billabong now worthless?
« Reply #6 on: August 27, 2013, 03:24:17 PM »
  You know, no one... that is why I do it... kind of like the random pics by bradi...
Sharks took them out.

booty

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Re: Billabong now worthless?
« Reply #7 on: August 27, 2013, 03:27:12 PM »
Sharks took them out.
I don't think they can recover. 

Natural Man

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Re: Billabong now worthless?
« Reply #8 on: August 27, 2013, 03:59:01 PM »

hey bro I gotta say I enjoy these little off topic threads you throw up every now and again.

it's like a 1-2 minute blurb about this or that that your like 'fuck, that's interesting' you read it.

keep up the good work bro.
oh yeah?


http://www.columbia.edu/cu/augustine/arch/nihilism.html


Max

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Re: Billabong now worthless?
« Reply #9 on: August 27, 2013, 03:59:57 PM »
They used to do some really cool designs on their t-shirts but this year have totally changed everything and their lines are pretty poo.

Irongrip400

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Re: Billabong now worthless?
« Reply #10 on: August 27, 2013, 04:01:52 PM »
I didn't know they owned Element.

booty

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Re: Billabong now worthless?
« Reply #11 on: August 27, 2013, 04:02:43 PM »
They used to do some really cool designs on their t-shirts but this year have totally changed everything and their lines are pretty poo.
I think someone bought them out a couple of years ago.  I don't think people wear their clothes much anymore.  I can't recall the last time I bought something from them.  You are right about the t-shirts.  Their stuff all looks the same these days.

Mr Nobody

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Re: Billabong now worthless?
« Reply #12 on: August 27, 2013, 04:06:55 PM »
I don't think they can recover. 
booty still looks hot and still can run. My hair is messed up today a dude said that today I said thanks.

booty

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Re: Billabong now worthless?
« Reply #13 on: August 27, 2013, 04:09:09 PM »
booty still looks hot and still can run. My hair is messed up today a dude said that today I said thanks.
I don't run.  A croc would have to be chasing me in order for me to run.   You're so random Mr Nobody...in regards to your messy hair.   ;D

Mr Nobody

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Re: Billabong now worthless?
« Reply #14 on: August 27, 2013, 04:21:43 PM »
I don't run.  A croc would have to be chasing me in order for me to run.   You're so random Mr Nobody...in regards to your messy hair.   ;D
Only random to certain individuals. Always been straight with you. Just glad I got hair.

C-BuZz

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Re: Billabong now worthless?
« Reply #15 on: August 27, 2013, 04:24:20 PM »
Good company back in the day, sad to see them fall.

They probably should have upped the dose in the mid 90's to stay on top of the game.

Army of One

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Re: Billabong now worthless?
« Reply #16 on: August 27, 2013, 04:52:10 PM »
Does quicksilver still exist?I remember that being the shit in the late eighties early nineties

booty

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Re: Billabong now worthless?
« Reply #17 on: August 27, 2013, 04:55:50 PM »
Does quicksilver still exist?I remember that being the shit in the late eighties early nineties
Yes it does. 

Tapeworm

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Re: Billabong now worthless?
« Reply #18 on: August 27, 2013, 08:24:39 PM »
This just in: Swagman not so jolly.

C-BuZz

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Re: Billabong now worthless?
« Reply #19 on: August 27, 2013, 08:28:29 PM »
This just in: Swagman not so jolly.

Coolibah tree still going strong.

jwb

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Re: Billabong now worthless?
« Reply #20 on: August 27, 2013, 08:29:12 PM »
About 5 years ago one of their CEOs quit and cashed in his ENTIRE stock option the next day.

ESFitness

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Re: Billabong now worthless?
« Reply #21 on: August 27, 2013, 08:38:44 PM »
They have nice clothing.  It's a shame.


yea, if you're a 14yr old boy.

Tapeworm

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Re: Billabong now worthless?
« Reply #22 on: August 27, 2013, 09:11:05 PM »
Coolibah tree still going strong.



> 4/4 time
> not a waltz

POB

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Re: Billabong now worthless?
« Reply #23 on: August 27, 2013, 09:59:38 PM »
http://money.cnn.com/2013/08/27/news/billabong/index.html?hpt=hp_t5

Australian surfwear maker Billabong plunged in Sydney trading after the company posted a tremendous annual loss that totals more than three times its market value.

The company's staggering full-year loss of A$859.5 million ($773 million) dwarfs its A$256 million market cap, and shares fell as much as 15% before a late afternoon recovery. The Gold Coast-based company also wrote down to zero the value of its Billabong and Element brands, deeming them essentially worthless. Sales plummeted 13.5% compared to last year.


Who is top dog now for board shorts ect? Everyone's still wearing board shorts someone's got to be making $$$$

Costanza

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Re: Billabong now worthless?
« Reply #24 on: August 27, 2013, 10:07:48 PM »
> 4/4 time
> not a waltz

[/quote]

 ;D ;D