Malay, I think that the market has simply corrected its panick sell off after job-loss and no div announcement. Like I have said before, I am not interested on short term movements. These are simply the market moving as a herd to quick gains and quick losses. I am more interested in finding cheap stocks that have good long term potential. I don't know if PBG will advance from here in the next week. I suspect it may infact lose ground, but like I said, I have no more idea than anyone else. I just know that they make a lot of CASH profit and don't rely on re-valuing assets to try to make their books look good. If they keep making good NPAT for the next few years, they should be between $1 and $2 (worst and best case scenarios).
PBG Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
