Maybe a coincidence, maybe not. A site, sitting pretty with decent ranks for its target terms. Around Penguin 2.0, loses its ranks. Keyword anchors less than 10% of overall links and dominated by brand name anchors from good neighborhood. Keywords not very competitive.
Now to 302 can of worms. Digging deeper into the backlinks, discovered over 1000 pages 302 redirect to this site from over 500 unique domains. These sites belong to a network. A redirecting URL looks like http:// domainname.com/out.asp?id=8386. These redirects were first noticed between 1 to 2 months before Penguin 2.0. What is the deal here?
[edited by: goodroi at 4:53 pm (utc) on May 29, 2013]
[edit reason] Delinked example [/edit]