Billabong Has Resumed Trading

Billabong Has Resumed Trading: The Market Doesn’t like It

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Billabong has pretty much agreed to a takeover deal led by one of its former executives Paul Naude.

After a lengthy trading halt — the latest development in a 14-month saga — the surf wear company has agreed to exclusive talks with Naude and buyout firm Sycamore Partners.

The shares are back trading today, and the company will be one to watch. The Naude-Sycamore combo has offered just over 60 cents per Billabong share.

Shares in Billabong opened this morning at 73 cents, after the trading halt. At 10:05 EST this morning, they were at 51.5 cents, down 29%.

buy, buy, buy!

If I had some dollars I’ld throw $1000 into bong shares.

I think it may continue to bomb for a little while, I do think that they will eventually recover though, Parko won the world title so you would hope that translates into some sales ha ha!

I reckon that the Billabong Label itself will continue to die, but their other brands will still have some life left in them!!!!!

Do you think it’s because they sold-out Mizu? Leaving the roots of the business behind and separated themselves from the other brands in the market. Like surfing has in general.
I probably mostly agree they will decline and inevitably die. But big risk reaps big return.

The quality of their gear was/is very good.