The answer to the invetory question is much simplier than that. During the last half PGC purchased inventory early to take advantage of discounts offered by suppliers. This was in the HY presenation when they spoke about lower than expected operating cashflow due to timing.
The large inventory is a result of buying inventory early to take advantage of discounts offered by suppliers
PGC Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
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