price of meat set to soar, page-2

yellowcake hi

i like your focus on agriculture- i think you mentioned a while back you are a farmer. i agree with your route to agriculture investing on the ASX via fertiliser miners. and i must thank you for stopping me going too far with looking at futuris (they being moreso portfolio managers rather than a business with a strategy) and TFS (that the truth will come out eventually how growing sandalwood outside india is not as successful as it is being painted).

but i just bring myself to invest in a company with a historical PE of 180+ (AAC), when that company has been around so many years. i can understand some companies being that high, from when they move from lossmaking over to profitmaking the profit won't be a whole lot (eg CSS)- but AAC has been around for decades i believe.

surely the upside of higher meat prices is well and truly built into its sp, and then some (bubble?)