PBG 0.00% $1.15 pacific brands limited

sammy mate holds these from 2 bucks poor bugger. the late sell...

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  1. 2,343 Posts.
    sam

    my mate holds these from 2 bucks poor bugger. the late sell off was in the last 40 minutes from 30 to 21 on no new news. the result was quite good imo and everyone expected the dividend to be halted. the company does have the best brands and to me the stock looks way way oversold. npat was 57.6 million up .1%. the debt payment was extended(great news) and the company has a solid plan going forward. the stock might not ever get to 2 bucks again for my mate but today it was way oversold and will bounce back into the thirties shortly. people will continue to buy jocks, clothes and shoes. good luck, this market stinks and thats why im not buying anything but pgb is very good value long term at 22cents

    cheers
 
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