Has become a new entity since April 2007 with Emitch buying...

Has become a new entity since April 2007 with Emitch buying Mitchell partners. MCU current PE is around 18.
Justified if you beleive it's a growth stock. It has continued to expand and accquire whilst the share price remains stagnet. Check out http://www.mitchells.com.au Investor Info, for more info. I'd like to have provided more info, but under pressure to head to the beach. :-)