Article in AFR wrote last week that there was currently no confidence in the management with regard to the restructuring. The jury was still out. But AMP have become a major shareholder after issuing the interim results.
imho companies need momentum, cutting costs / killing off minor brands / reducing marketing spend is if fine in the short-run, these are all inward looking moves. I would prefer if PBG were also trying to expand into new markets and investing in their brands. TFP
PBG Price at posting:
$1.15 Sentiment: LT Buy Disclosure: Held
