just read carefully - it says "net cash" which is cash -...

just read carefully - it says "net cash" which is cash - liabilities. Better read financial reports than newspapers. On a balance sheet PBG has 80 mil cash and 79 milion debt, which means they still pay around 10 million interest a year. That is why I said it would be better to pay it off asap rather then indulge ourselves in dividends, but that is only my opinion. I hope they will repay that by end of H1.

Anyway, with the FY15 result, I believe the company is worth $0.600. Hope they will manage FX impact this year as planned.