Now this is what you call, making headlines
BILLABONG founder Gordon Merchant was in the news the first week in November. The news banner of the November 6 edition of the local daily Gold Coast BulletinEdeclared Surfie Worth $500mE
The front page story beganThe US terrorist attacks have had a silver lining for Gold Coast surfwear king Gordon Merchant. His company, Billabong, seen by investors as a safe stock in times of recession, has been valued by the share market at more than $1.7 billion, taking Mr.Merchants personal fortune beyond the $500 million markE
The story followed feverish activity on the Australian Stock Exchange the previous day when Billabong shares jumped 38c to $8.63. Over 1.16 million shares worth about $10million changed hands that day.
Gordon obviously isnt the only surfer to score either, many Billabong team riders have made substantial amounts of investment dollars since the company was floated last July. He who dares wins!
Surfing Money - Surfersvillage.