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No worries, hope you all were buying on the way down!
All of the bad news for PBG came at once (from about October to now) which made it a great buy;
October: Announced that they would reduce dividend to pay down debt, and were continuing restructuring.
Shareprice dropped, margin calls no doubt exacerbated this - and maybe some shorters as well!
November: Retail Sales were reported as up the cr@pper and retail was out of favour with investors. Deuche Bank and Capital 452 (and I think IOOF too!) sold big positions further pushing down price.
Things then had a rest from January to February 25.
February 25 to current: Terrible press re; job losses due to restructuring program (not call by banks), write down of intangibles, and the big one (IMVHO) NO div payment. I think that this is what got a lot of investors spooked after they said they would still pay out 3.5c in October.
Like I have said though, short term from here, I have no idea on price. I suspect that there will be a sell of soon, but I could be wrong. They are not out of the woods yet, but I think they will be in a few years, so hold on to these things!!