Back out the capital gains, and you have an insurer trading at 74 times pretaxearnings.
FORBES: Faux Buffett
2.
The offer is roughly 13 times Massmart's pretaxearnings and would place Wal-Mart into a politically combustible region.
WSJ: Wal-Mart Bids $4.6 Billion for South Africa's Massmart
3.
The Value Line Investment Survey reports that Qualcomm receives approximately 30% of pretaxearnings from their CDMA technology segment, and approximately 70% from licensing.