PE of around 4 on todays price and last seasons earnings. It...

PE of around 4 on todays price and last seasons earnings.
It makes its money from processing and marketing cotton. last season was not the best due to drought and reduced irrigation allocation, therefore lower turnover. This years crop is looking potentially much better judging by the rain falling in the cotton growing areas from Emerald in Qld to Moree in NSW. I agre with previous post that the US plantings may be lower as more corn is planted for bio fuels.