There will always be some companies where investors will forget logic. That is exactly why some people loose hell lot of money and some make a fortune. SYNLAIT MILK is having P/E Ratio of 12.69 and P/B Ratio of 2.33 and this is a profitable One billion $$$ business. Bega Cheese is another business better than KTD at P/E Ratio of 20.29 and P/B Ratio of 1.10
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