price slide, page-15

Blackpete I agree. Trashing PPX does not do anyone any good except their competitors. I also think this debate about trying to work out what shares PPX and PXU holders should get of the possible buyout is also not helpful. It lloks as if the PIGS action will probably kill the deal which I suspect would not be supported by either PPX management or the big shareholders like Orbis.

For both PPX and PXU holders Marchant and his troop better find a way soon toward pfofitability. As Graham suggested Marchant's neck is probably on the line from the Orbis comment. I expect a greater effort to reduce costs and improve profitability by using their large customer base to sell a wider range of procucts as they are beginning to do.