risk-reward profile is favourable IMO, page-6

Yeah it's interesting that the BBG share price didn't take a hit again but Billabong had apparently fully provided for the $45m settlement so there would be no hit to profit this year or next, however it will have to take a hit to cash flow when they pay the settlement out (probably via increased debt).

Also had BBG not settled and went on to win the case they could have written the $45m provision back. But Shareholders seemed to shrug it all off.

Still I wonder will Surfstitch make any provision in this years result for a possible settlement or future legal costs ....
They have healthy cash reserves but I wouldn't want to see them used for this ... and it's one thing holding me back from buying at the moment