Is it time to start looking at buying Billabong shares again? The initial cash injection is in – $300 million to repay a line of credit and they have offloaded the West 49 retail chain. The sale was a little painful because they received only $9 million for them after paying just over $100 million in August 2010. That’s a loss of around $3.8 million for every month they were owned by Billabong. Ouch. the board reshuffle has happened and there’s stayers, goers and goer-stayers… One member said they were leaving but can now stay. All in all there wasn’t much interesting in those moves. If you want more, have a read over here.