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View Full Version : Billabong to Sell New Stock, Cuts Earnings Forecast - Bloomberg



NewsWhore
05-18-2009, 05:21 AM
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Billabong to Sell New Stock, Cuts Earnings Forecast (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3Dab2cofwPZDBs%26refer%3Daustralia&cid=1353742266&ei=9ioRSretHNPokAWq6ZGEBw&usg=AFQjCNGYmsrd2poKc-_TKp0y-kCfTm9ang)
Bloomberg
The decline in US sales represented about 55 percent of the profit cut, with about 30 percent from currency moves, O&#39;Neill told analysts on a conference call. Billabong expects to raise A$200 million from institutions with the rest to come from retail ...


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