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Billabong shares go wild, Merchant makes headlines

Front page story : Pic - Sarge


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 BulletinEdeclared “Surfie Worth $500mE

The front page story began”The 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.Merchant’s personal fortune beyond the $500 million markE

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 isn’t 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!

Sarge -

Surfing Money - Surfersvillage.

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