{"id":8170,"date":"2009-05-18T23:04:45","date_gmt":"2009-05-19T06:04:45","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=8170"},"modified":"2009-05-18T23:15:59","modified_gmt":"2009-05-19T06:15:59","slug":"brokers-cutback-on-billabong-ratings","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=8170","title":{"rendered":"Brokers Cutback On Billabong Ratings"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-logo.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-logo.jpg','popup','width=300,height=96,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-logo-tm.jpg\" height=\"64\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Logo\" \/><\/a>After <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> <strong><a href=\"http:\/\/www.boardistan.com\/?p=8105\" target=\"_blank\">reduced their profit forecasts and announced plans to sell more shares<\/a><\/strong> to &#8220;pay down debt&#8221; the analysts apparently turned on the company. According to a story on <strong><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601081&amp;sid=aFjOxSLldaUA&amp;refer=australia\" target=\"_blank\">Bloomberg<\/a><\/strong> at least four brokers have cut the stock to their lowest rankings:<\/p>\n<blockquote><p>The stock\u2019s rating was cut to \u201csell\u201d by <strong>Royal Bank of Scotland Group Plc<\/strong>, \u201cunderweight\u201d by <strong>JPMorgan Chase &#38; Co.<\/strong>, and \u201cunderperform\u201d by both <strong>Macquarie Group Ltd<\/strong>. and <strong>Credit Suisse<\/strong>. . . \u201cThe old Billabong story was a seductive growth story as surf fashion took market share in the urban and street apparel segments,\u201d <strong>Greg Dring<\/strong>, a Sydney-based Macquarie analyst, said in a note to clients today. \u201cThe new Billabong story seems to center on customers that are increasingly short-term focused and are reluctant to order for the future.\u201d Dring cut earnings estimates in 2010 by 23 percent.<\/p><\/blockquote>\n<p>But we still haven&#8217;t really figured out the whole analysts game.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601081&amp;sid=aFjOxSLldaUA&amp;refer=australia\" target=\"_blank\">Bloomberg.com<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Billabong reduced their profit forecasts and announced plans to sell more shares to &#8220;pay down debt&#8221; the analysts apparently turned on the company. According to a story on Bloomberg at least four brokers have cut the stock to their lowest rankings: The stock\u2019s rating was cut to \u201csell\u201d by Royal Bank of Scotland Group [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8170"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8170"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8170\/revisions"}],"predecessor-version":[{"id":8172,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8170\/revisions\/8172"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8170"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}