This stock is grossly undervalued. This is a very solid company that has been around for a very long time, which pays a dividend and has made aggressive efforts to streamline operations and become more efficient. Cooling may be gone but he put in place some important changes that I think will serve the company very well for years to come. Not to mention that the company has been buying back its shares. Anytime you can pay less for a stock than what the company itself paid, man, it's gotta be a good sign. Especially with a solid, "real" company like PB.
I also like the fact that the company is now under the stewardship of Staton. Obviously, he will make sure he gets this company rolling again after the frightening drop in the stock.
All these jitters about Brazil and Venezuela are nothing new. Latin America has always been a volatile place to do business. Regimes, currencies, fiscal policies and stability levels are always in flux and you never quite know what to expect. One thing about PB though, it knows how to navigate through these turbulent waters. These challenges are nothing new for them, and heck, they survived the Mexican Peso crisis of the early 90s among other fical catastrophes.
What I advise is that you eye the stock and see if it has bottomed out. I dont think it will go below $9.00 but you never know. If there is support at $9.00, start buying. And sit tight for about a year and keep buying.