On the contrary, I'm quite pessimistic, however, at the last two result announcements the market has bought the long term rebuilding story despite poor numbers. So the price might bounce a little despite a bad set of figures this time around.
In the long term however its the actual returns that count, and PBG is not a great business, given returns on equity of around 8%.
Was just very cheap 18 months ago.
On the contrary, I'm quite pessimistic, however, at the last two...
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