BILLABONG is facing its first profit downturn since listing in 2000, with a rapidly weakening US retail market forcing the world's biggest listed surfwear company to again downgrade guidance and undertake a $290 million capital raising to reduce debt.
Financial journalists have also had a difficult time inventing surf-based puns for their headlines. Here at FinanceFinancial we’ve collected a few of the best and then added some of our own.
Billabong profits dumped by global wave
US waves dump on Billabong
Dump Stocks?:Dump or be dumped
Billabong hit by a freak wave
Surprised by wave of debt
Wave goodbye to golden era
Profits go down the tube
Endless Summer, Now Winter of Discontent
Billabong barrel-rolled
2010 before Billabong gets back on board
Big Swell begins Hard Sell
Swelling debt
Profits Wipe-out
Billabong shares hit ocean floor
Board Caught Short
End of Perfect Break
Billabong faces downturn, Surfin’ USA
Surf Co. Guidance Goofy-Footed
Billabong Shares: ‘Drop-in’ price
Stocks for Surf, Bum
Billabong’s Future, In God’s Hands
Capital in pipeline, to deal with debt
Billabong’s Black Friday, looking for Big Wednesday
Billabong, Break Point?
