Billabong (OTCPK:BLLAY) ("Billabong" or "the company") is an embattled boardsport (surf, skate, snowboard) retailer headquartered in Australia. The corporate drama of Billabong over the past year has been nothing short of amazing. The media hasn't helped out Billabong either, with dozens of recent sensationalistic headlines slandering Billabong's brands as worthless. Even though technical accounting treatment with respect to the carrying value of intellectual property required Billabong to write down the value of its trademarks on its balance sheet (some to zero), the business is clearly not worthless.
Along with the uncertainty and headline risk afflicting Billabong, has come an opportunity for discerning investors willing to accept volatility for the potential of multi-bagger upside.
(click to enlarge)
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|