Excellent results today from MPE. Record profits, trading below worth of (tangible!) net assets, $30M net cash in the bank. 2009 may well see lower palm oil profits because of exceptional prices early 2008, but price has recovered last few months and if they can also start making money from Australian cattle enterprise it leaves a comfortable feeling - but always dyor. Check out also competitor NBPO.

Think it was Charlie Munger, Warren Buffetts pal, who said you make your money by waiting....