WLD trailing PE 6x, page-42

Pretty bad analysis. Trailing P/E of 6x when you add $3m of non-cash tax benefit in. The real profit is $11m. In an ordinary world you would may 30% taxes, which make it $8m.

At $8m it's on a trailing P/E of 12x. Pretty expensive for a company with falling margins, an imploding board, a CEO who thinks Australia is a terrible place to do business after he's sold down the company at 5x the current value only 6 months ago, and is now having a laugh at his investors in the papers saying he doesn't owe anyone an apology.