drummnutt, it is not my place to teach you or to justify to you why I invest or trade PBG.Just for your interest, firstly I will let the market decide, it has a habit of finding the share intrinsic value.Yes I do agree with you that buying at 17c is better than buying at say 80c. However when riding the trend, it is better to stay on for more gain than to jump off at 36c.As for better value elsewhere,the difference of 44c even equals to over 100% a price I find it hard to stay out of.Interest stays the same, whether the capitalization is $2.7 billion or $100 million. It has to be paid. However, the $150 million cost savings is something that has not been provided for previously and therefore has to be taken into account plus the cost reduction in the ozzie dollar appreciation.I am not refering in return on shareholder value, as these were paid for by holders that paid for the shares initially. I refer to capitalization because if the share price is at 17c to say $1.15, the return on the investor equity is hard to argue against.It is very profitable for the return of my investment.Just fyi my profession deals with figures, however as an investor, I realise SP is not determined by that alone,and if I have used your approach instead of allowing for sentiment and future earning potential I would have missed out all together. The share market is forward looking, not back ward. When it is time to jump off I will let you know.Meanwhile, there is still plenty of mile age in this one yet. I know you do not have PBG anymore, just sit back and watch while we continue to enjoy the ride.Learning is a journey, it never ends. My experience taught me, when on a winner stick to it. The gold is in your backyard, don't look elsewhere yet(lol). For chartists, PBG is trending very strongly and its SP is above the MA of 15 and 30 weeks and there is no reason to take profit yet.
PBG Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
