{"id":83090,"date":"2013-09-01T09:48:52","date_gmt":"2013-09-01T16:48:52","guid":{"rendered":"http:\/\/www.stokednews.com\/?p=83090"},"modified":"2013-09-01T09:48:52","modified_gmt":"2013-09-01T16:48:52","slug":"business-news-billabong-deemed-worthless","status":"publish","type":"post","link":"http:\/\/www.stokednews.com\/?p=83090","title":{"rendered":"Business News &#8211; Billabong Deemed &#8220;Worthless&#8221;"},"content":{"rendered":"<p style=\"text-align: left;\">With Chairman Ian Pollard calling this year the &#8220;most challenging period in the company&#8217;s history,&#8221; surf apparel giant Billabong released financial statements earlier this week that valued the brand as essentially worthless.<\/p>\n<p style=\"text-align: left;\">A handful of other brands under the Billabong umbrella &#8212; including Element skateboards &#8212; were also written down to a zero valuation, according to the statements.<\/p>\n<p style=\"text-align: left;\">With the bleak news, company stock fell 60 percent from last year, ending the day midweek at a few pennies over fifty cents per share\u00a0\u00a0 &#8230;\u00a0 <a href=\"http:\/\/xgames.espn.go.com\/surfing\/article\/9618951\/surf-industry-giant-billabong-brand-deemed-worthless\" target=\"_blank\">More<\/a><\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.stokednews.com\">www.stokednews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Chairman Ian Pollard calling this year the &#8220;most challenging period in the company&#8217;s history,&#8221; surf apparel giant Billabong released financial statements earlier this week that valued the brand as essentially worthless. A handful of other brands under the Billabong umbrella &#8212; including Element skateboards &#8212; were also written down to a zero valuation, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,65,77],"tags":[],"class_list":["post-83090","post","type-post","status-publish","format-standard","hentry","category-action-sports-business-news","category-clothing-soft-goods","category-fashion"],"_links":{"self":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/83090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83090"}],"version-history":[{"count":2,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/83090\/revisions"}],"predecessor-version":[{"id":83092,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/83090\/revisions\/83092"}],"wp:attachment":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83090"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}