thought i would highlight the most important point.
MAIDEN: Local banks are trading at a P/E premium of more than 40 per cent over the UK banks, and more than 20 per cent above the US banks. For that matter, you can buy Wal-Mart for 15 times its expected earnings now, and it will cost you 21 times to get Woolies in Australia. Does that make sense?
my answer: NO!
in this casino that we gamble in, page-4
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