Billabong Stock Should Be Avoided, City Index Says

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Feb. 22 (Bloomberg) -- Peter Esho, chief market analyst at City Index Ltd., talks about Billabong International Ltd.'s financial performance and stock. Billabong, the surf-wear company for which Bain & Co. alumni are studying rival bids, posted a record loss on A$567 million ($583 million) of charges as it wrote off most of the value of its main brand. Esho also discusses Reserve Bank of Australia monetary policy and its implications for the nation's stock market. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)