Just recieved the 3rd quarter report. Sales per case volume increased throughout most of their territory in the third quarter. However currency problems and economic recessions hurt the bottom line. This is a sixty year old company and KO "anchor bottler" with acqusition on its mind. In an economic downturn, if they can add more independent bottlers at discounted prices, it should pay huge dividends when the territory recovers.
There is another big buying opportunity coming within three to six months. A large portion of PB territory includes Brazil, Venezuela, and Columbia. I expect the devaluation to begin shortly after the new Venezuelan president takes office in early Feb. Brazil and possibly Columbia will soon follow.
It could be a violent year for the stock price. I expect to see $15 or less. I'll buy there ( which is the book value ) and lock in profits at $20.
This is a good stock for contrarians, growth, and value investors.