A very stong day for PBG! Malay I agree with you about a positive outlook for PBG. Along with you comments they have reduced a lot of cost from the business and trimmed fat wherever possible. Their underlying Profit will be ok this year, with most of the restructure benefits to come in FY10. I will be very interested to see their FY10 F'cast. Also good to note that approx 90% of their sales are Aust and NZ who will weather the GFC better than the Northern Hemisphere, good insulation.
PBG Price at posting:
89.5¢ Sentiment: Buy Disclosure: Not Held