No worries, hope you all were buying on the way down!All of the...

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!!