Hewlett-Packard(HPQ) Buys Another Israeli Company
Written by: Aaron Katsman | December 10, 2007
Aaron Katsman
www.IsraelNewsletter.com
As if investors needed a reminder that Israel is an attractive investment destination for multinationals, the news today the Hewlett-Packard(HPQ) is spending $117.5 million to buy Israeli NUR Macroprinters Ltd(NURMF.pk) is just that reminder. While M&A of publicly traded Israeli companies has sagged this year, this move by HP should remind investors of the tremendous bargains that these Israeli stocks which trade in the US, provide.
Leave it to HP to serve up that reminder. The company has been extremely active when it comes to investing in Israel. Today’s move expands HP’s portfolio of digital presses and wide-format printers and furthers its strategy to digitize analog prints.
A big congratulations for the team at Fortissimo Capital on an amazing investment. They invested $12 million in December ‘05 for 55% of NUR Macroprinters, as the company was on the verge of collapse. Today, that investment is worth more than $60 million!
Please see our Disclaimer HERE.NEW! Introducing Israel Opportunity Investor, our monthly subscription-only newsletter. Stay ahead of the game and make smart decisions in Israel stocks. Go here to learn more.Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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